The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Rajnikant Shah
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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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Rajnikant K. Shah, a non-promoter shareholder of Organic Coatings Ltd, has sold his entire holding of 2,00,660 equity shares (2.01% of paid-up capital) via an off-market transaction on 29 December 2025. After the sale, his holding in the company stands at zero shares (0.00%). The total equity share capital of the company is 99,74,600 shares, which remains unchanged since this was a transfer between parties rather than a buyback or issuance. The disclosure was filed under SEBI's Takeover Regulations, and the seller has confirmed he does not belong to the promoter or promoter group.
This is a non-promoter exiting his full stake through a private (off-market) deal, so it does not change promoter control or signal insider pessimism about the stock. Shareholders should note the transfer of 2% equity to a new holder but should not infer negative price pressure from this disclosure itself.