The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Padmaja Shah
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Padmaja Rajnikant Shah, a non-promoter individual shareholder, sold 1,70,000 equity shares (1.70% of total share capital) of Organic Coatings Ltd on 24 September 2025 through an off-market transaction. Before the sale, she held 1,70,100 shares (1.70%); after the sale, her holding has come down to just 100 shares (effectively 0.00%). The seller is explicitly stated as not belonging to the promoter or promoter group, and no encumbrance or pledged shares were involved in the transaction.
This is a near-complete exit by a non-promoter shareholder through an off-market deal. Since the seller is not part of the promoter group, this has no direct implication on promoter shareholding or control of the company. The off-market nature of the transaction means the impact on the stock price is likely minimal, though it may indicate a change in the shareholder base of the company.