The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Padmaja Rajnikant Shah
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Padmaja Rajnikant Shah, a non-promoter shareholder of Organic Coatings Ltd, has sold 62,500 equity shares (0.63% of total share capital) in an off-market transaction dated 24 September 2025. Prior to the sale, she held 2,32,600 shares (2.33%); after the sale, her holding has come down to 1,70,100 shares (1.70%). The disclosure confirms no encumbrance on the shares and no involvement of promoter/promoter group. The company's total equity share capital remains unchanged at 99,74,600 shares.
This is a small off-market sale by a non-promoter individual shareholder and is unlikely to have any material impact on the stock price or shareholder structure. The reduction in holding is minor and does not change the company's promoter or controlling group composition.