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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Awaiting price reaction for this filing.
Rajnikant K. Shah, a non-promoter shareholder of Organic Coatings Ltd, has sold his entire holding of 2,00,000 equity shares (2.01% of the company's paid-up capital) via an off-market transaction on 29 September 2025. Post-sale, his shareholding stands reduced to zero, indicating a complete exit from the company. The company's total equity share capital remains unchanged at 99,74,600 shares. The disclosure was filed with BSE on 30 September 2025 under SEBI's Takeover Regulations.
This is a non-promoter, complete exit via off-market route and is unlikely to have a material impact on the stock price or shareholding structure. Retail investors need not be concerned as the seller is not part of the promoter group.