BSEShamrock Industrial Company LtdHighNeutral
Announced Tue, 30 Sept, 2025 · 20:49 IST

Receipt of disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares and Takeover) Regulations, 2011.

Promoter Stake BuyPromoter Stake Sell 1pctOwnership Changes View source PDFExplain this filing
Price reaction

Awaiting price reaction for this filing.

AI summary

Four persons acting in concert — Lotus Excel Wealth Creators LLP, HODL Systems LLP, Bagepalli Vijayakumar Harish, and Rattan Kapoor — have acquired 16,36,899 shares, equal to 30.15% of Shamrock Industrial Company, from the existing promoter via an off-market deal. The acquisition was completed in two tranches on 11 August 2025 and 26–27 September 2025, pursuant to a Share Purchase Agreement dated 31 December 2024. Three of the acquirers (Lotus Excel Wealth Creators LLP, Rattan Kapoor, and Bagepalli Vijayakumar Harish) each received 5,45,633 shares (10.05% each); HODL Systems LLP did not purchase any shares but is included as a person acting in concert. Prior to this deal, all four were non-promoters but have now become promoters of the company, marking a complete change of control. The company has 54,28,414 equity shares outstanding at a face value of Rs. 10.

Likely market impact

This represents a change of promoter and control at Shamrock Industrial Company, which is a material event for shareholders. Investors should watch for any mandatory open offer announcement and evaluate the new promoters' future plans for the company.