The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Ajay Shah
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Awaiting price reaction for this filing.
Ajay R. Shah, a non-promoter shareholder of Organic Coatings Ltd, sold 24,325 equity shares (0.24% of the company's share capital) via an off-market transaction on 25 September 2025. His holding decreased from 6,38,352 shares (6.40%) to 6,14,027 shares (6.16%) after the sale. The transaction was carried out off-market rather than through the open market. The company's total equity share capital stood at 99,74,600 shares. The filing confirms no encumbrances were involved and the seller is not part of the promoter or promoter group.
This is a minor, non-promoter off-market transfer with a negligible impact on shareholding pattern. Retail investors are unlikely to see any material effect on the stock price or company control, as the stake change is well below 1% and the seller is not a promoter.