The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Minal Shah, Abhay Shah, Aparna Shah, Ajay Shah ....
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 3.7 pts less than Nifty Microcap 250 and 3.1 pts less than its Specialty Chemicals peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Five individuals from the Shah family (none classified as promoters/promoter group) have disclosed off-market sales of Organic Coatings Ltd shares. Minal Shah sold her entire 1,61,865 shares (1.62%), Abhay Shah sold 3,26,891 shares (3.28%) reducing holding from 8.04% to 4.76%, Aparna Shah sold her entire 1,00,000 shares (1%), Ajay Shah (Wholetime Director & CFO) sold 1,89,000 shares (1.89%) reducing holding from 4.35% to 2.46%, and Rajnikant Shah sold his entire 2,00,660 shares (2.01%). In aggregate, approximately 9.78 lakh shares (about 9.81% of equity capital) were sold off-market on December 26-29, 2025. All sales were executed off-market, suggesting negotiated block deals rather than open-market liquidation.
Significant insider-related selling (nearly 10% of equity) via off-market route within a few days signals possible private transfer or block deal. While the sellers are technically classified as non-promoters, they include a Wholetime Director/CFO and his close family, which may raise governance concerns and create short-term overhang perception among retail investors.