The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Ajay Rajnikant Shah
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Ajay Rajnikant Shah, a non-promoter shareholder of Organic Coatings Ltd, has disclosed the sale of 1,00,000 equity shares (1% of total share capital) through an off-market transaction on 25 September 2025. Prior to the sale, he held 5,34,027 shares (5.35%); post-sale, his holding stands reduced to 4,34,027 shares (4.35%). The disclosure was filed under Regulation 29(2) of the SEBI Takeover Regulations, 2011. The total equity share capital of the company remains 99,74,600 shares, and no encumbrances were involved.
This is a routine SAST disclosure by a non-promoter individual reducing his stake from 5.35% to 4.35% via off-market route. Given the small size and off-market nature, the impact on the stock price or broader shareholder base is likely minimal.