The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Abhay Rajnikant Shah & Ajay Rajnikant Shah
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Awaiting price reaction for this filing.
Organic Coatings Ltd disclosed multiple off-market share sale transactions by two shareholders, Abhay R. Shah and Ajay R. Shah, who are explicitly classified as NOT belonging to the promoter/promoter group. Abhay R. Shah sold a total of 4,24,591 shares (4.26%) across two transactions on Dec 30 and Dec 31, 2025, reducing his holding from 4.76% to 0.50%. Ajay R. Shah sold a total of 2,41,268 shares (2.42%) across three transactions on Dec 30 and Dec 31, 2025, reducing his holding from 2.46% to just 0.04%. All sales were conducted off-market. The company's total equity share capital remains unchanged at 99,74,600 shares.
These are non-promoter shareholder disposals via off-market deals, so the direct impact on promoter-controlled equity is limited. However, the large block exits totaling about 6.66 lakh shares may affect floating supply dynamics and could influence short-term price action depending on buyer identity.