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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Mr. Abhinav D. Sadarangani, a non-promoter, has bought 2,47,500 equity shares (2.48%) of Organic Coatings Ltd through an off-market transaction dated March 27, 2025. His holding in the company has risen from 6.86% (6,84,250 shares) to 9.34% (9,31,750 shares). The filing was made under Regulation 29(2) of SEBI's Substantial Acquisition of Shares & Takeovers Regulations, 2011. The acquirer is explicitly stated as NOT belonging to the promoter or promoter group. The total equity share capital of Organic Coatings Ltd stands at 99,74,600 shares.
A non-promoter is steadily building a stake close to the 10% regulatory threshold, which could indicate bullish conviction but also means any further purchase crossing 10% would trigger additional takeover disclosure obligations. Retail investors should monitor if more buying follows, as a near-10% holder carries some influence over company decisions.