The Exchange has received the revised disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for R K Shah HUF
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R.K. Shah (HUF), a non-promoter entity, has filed a revised disclosure under SEBI (SAST) Regulations 2011 regarding the off-market sale of 2,47,500 equity shares (2.48%) of Organic Coatings Ltd on March 27, 2025. This brought their holding down from 5.57% (5,55,810 shares) to 3.09% (3,08,310 shares), thereby crossing below the 5% SAST disclosure threshold. The revision was prompted by a BSE query and corrects the seller's name from Nikhil D. Sadarangani to R.K. Shah (HUF), besides adding pre-disposal shareholding details. The total equity share capital of the company remains unchanged at 99,74,600 shares, and the seller explicitly states they do not belong to the promoter/promoter group.
Since the seller is a non-promoter HUF and the transaction was off-market, this is primarily a regulatory compliance update and is unlikely to materially affect stock price. However, it signals a non-promoter shareholder materially reducing exposure in the company, taking their stake below the 5% mark.