The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Padmaja Rajnikant Shah
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Padmaja Rajnikant Shah, a non-promoter individual shareholder, has sold 1,70,000 equity shares (1.70%) of Organic Coatings Ltd via an off-market transaction on 24 September 2025. Before the sale she held 1,70,100 shares (1.70% of the equity capital of 99,74,600 shares); after the sale she retains only 100 shares (effectively 0.00%). No encumbrances (pledge/lien) were involved. The disclosure is filed in compliance with Regulation 29(2) of the SEBI Takeover Regulations, 2011.
Since the seller is not part of the promoter/promoter group, this is a routine non-promoter exit and is unlikely to have any material impact on the stock price or promoter shareholding of Organic Coatings Ltd.