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 has filed a revised SAST disclosure on BSE regarding an off-market sale of 24,690 equity shares (0.25% of total capital) by Rajnikant Kodarlal Shah on 30 June 2025. The revision corrects two errors from the original filing dated 1 July 2025: the seller name was changed from Mr. Nikhil D. Sadarangani to Rajnikant Kodarlal Shah, and the pre-sale holding details (8,04,894 shares, 8.07%) were added. Post-sale, Shah's holding stands at 7,80,204 shares (7.82%). The seller is explicitly not part of the promoter/promoter group. Total equity capital of the company is 99,74,600 shares.
This is a routine corrective disclosure for a small off-market sale (0.25%) by a non-promoter shareholder and is unlikely to have any material impact on the stock price or shareholder value. It mainly reflects administrative correction rather than any meaningful change in ownership.