The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Ajay Rajnikant Shah
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Ajay Rajnikant Shah, who is not part of the promoter/promoter group, has disclosed a sale of 80,000 equity shares (0.80% of the total share capital) of Organic Coatings Ltd through an off-market transaction on 25 September 2025. Prior to the sale, he held 6,14,027 shares (6.16%); after the sale, his holding stands at 5,34,027 shares (5.35%). No encumbrance (pledge/lien) activity is involved in this transaction. The filing is submitted to BSE in compliance with SEBI takeover regulations for disclosures exceeding 2% of share capital (here aggregating across the 6% to 5% band).
This is a minor off-market stake reduction by a non-promoter shareholder; the sale size is small (0.80%) and is unlikely to materially affect the stock price or promoter control of the company. Retail investors should note this is a routine regulatory disclosure rather than a strategic corporate action.