The Exchange has received the revised disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Rajnikant Kodarlal Shah
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Organic Coatings Ltd received a revised disclosure from Rajnikant Kodarlal Shah, a non-promoter shareholder, regarding the sale of 1,65,000 equity shares (1.65% of paid-up capital) of the company via off-market route on 30 June 2025. The revised filing corrects the seller's name (changed from Mrs. Bindu M. Patel to Rajnikant Kodarlal Shah) and adds the pre-disposal shareholding details. Before the sale, Shah held 7,80,204 shares (7.82%); after the sale, his holding reduced to 6,15,204 shares (6.17%). The total equity share capital of the company remained unchanged at 99,74,600 shares.
This is a corrective disclosure for a relatively small off-market transaction by a non-promoter shareholder; the seller remains above the 5% disclosure threshold. Shareholders are unlikely to see material price impact, though continued off-market sales by significant shareholders could gradually dilute non-promoter institutional interest.