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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Ajay R. Shah, a non-promoter shareholder of Organic Coatings Ltd, sold 70,634 equity shares (0.71% of paid-up capital) through an off-market transaction on December 30, 2025. His holding reduced from 2,45,027 shares (2.46%) to 1,74,393 shares (1.75%). The disclosure was filed under Regulation 29(2) of SEBI's Substantial Acquisition of Shares & Takeovers Regulations, 2011. The seller is explicitly confirmed as not belonging to the promoter or promoter group, and the equity capital of the company remained unchanged at 99,74,600 shares.
Since this is a small off-market sale by a non-promoter individual (under 1% of capital), it is unlikely to materially affect stock price or signal any company-level concern. Retail investors should note this is routine regulatory disclosure and does not indicate promoter sentiment.