The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Nikhil D Sadarangani
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
The BSE has received a disclosure under Regulation 29(2) of SEBI's Substantial Acquisition of Shares & Takeovers (SAST) Regulations, 2011, filed by Nikhil D Sadarangani. This regulation requires promoters and persons holding more than 5% of a company's shares to report any change in their shareholding or voting rights. The filing indicates a change in stake for this individual in Organic Coatings Ltd, though the specific direction (acquisition or disposal) and exact percentage are not detailed in the headline. Further details from the full disclosure document would clarify whether the change is an increase or decrease in holding.
SAST disclosures typically signal meaningful shifts in promoter or major shareholder stakes and are worth monitoring, but the price impact here is unclear without the direction and quantum of the transaction. Retail investors should look for the full disclosure to determine if this is a buy or sell and how it affects the promoter group's overall holding.