The Exchange has received the revised disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Abhinav Sadarangani
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Abhinav Sadarangani, a non-promoter acquirer, has filed a revised disclosure under SEBI Takeover Regulations for the purchase of 247,500 equity shares (2.48%) of Organic Coatings Ltd on March 27, 2025, via an off-market transaction. His stake has risen from 684,250 shares (6.86%) to 931,750 shares (9.34%) of the company's total share capital of 99.74 lakh shares. The original disclosure was made on March 28, 2025, and the revised version was submitted on July 10, 2025, to include details of share acquisition that were inadvertently omitted earlier. No encumbrance, voting rights other than shares, or convertible instruments are involved in this transaction.
This is a non-promoter creeping acquisition that brings the buyer within striking distance of the 10% SAST disclosure threshold, which could trigger further disclosures or open offer obligations if more shares are acquired. Retail investors should watch for any further stake buildup beyond 10%, which would attract mandatory takeover bid requirements.