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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Rajnikant K. Shah, a non-promoter shareholder of Organic Coatings Ltd, has sold 84,544 equity shares (0.85% of the company) via an off-market transaction on 25 September 2025. His holding dropped from 2,85,204 shares (2.86%) to 2,00,660 shares (2.01%) after the sale. The disclosure was filed under Regulation 29(2) of the SEBI Takeover Regulations, and the company did not have any encumbrance on these shares.
This is a routine disclosure of share sale by a non-promoter individual investor via off-market route. The transaction is small (0.85% of equity) and unlikely to materially affect the stock price or shareholder structure.