The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Abhinav Sadarangani
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Abhinav Sadarangani, a non-promoter acquirer, purchased 247,500 equity shares (2.48%) of Organic Coatings Ltd on 27 March 2025 through an off-market transaction. His holding in the company increased from 684,250 shares (6.86%) to 931,750 shares (9.34%). The disclosure was filed under Regulation 29(2) of SEBI Takeover Regulations. The company's total equity share capital stands at 99,74,600 shares. No encumbrance or pledge is involved in this transaction.
The acquirer's stake is now close to the 10% creeping acquisition threshold under SEBI takeover rules; crossing 10% would trigger open offer obligations, so any further purchases will be closely watched by the market.