The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Ajay Shah
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On the reaction day the stock moved 3.7 pts less than Nifty Microcap 250 and 3.1 pts less than its Specialty Chemicals peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Ajay R. Shah, a non-promoter shareholder of Organic Coatings Ltd, has sold 1,89,000 equity shares (1.89% of total share capital) via off-market transaction on December 29, 2025. His holding reduced from 4,34,027 shares (4.35%) to 2,45,027 shares (2.46%) post-sale. The total equity share capital of the company remains at 99,74,600 shares. The disclosure was filed under SEBI Takeover Regulations, 2011.
A non-promoter off-market sale of nearly 2% stake is a relatively contained event and unlikely to materially affect the stock price, though it reduces an individual shareholder's position to below the 2.5% reporting threshold.