The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Manish Shahra
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Manish Shahra, a member of the promoter group of Sarthak Industries Ltd, has acquired 2,10,000 equity shares (2.26% of the company's capital) through an off-market transfer. The transfer was carried out due to the dissolution of Suresh Chandra Shahra HUF, meaning shares moved from the Hindu Undivided Family to an individual promoter. Following this acquisition, Manish Shahra's holding has risen from 13,19,301 shares (14.20%) to 15,29,301 shares (16.46%). The transaction took place on 25 March 2026 and was disclosed under SEBI's Takeover Regulations. The total share capital of the company remains unchanged at Rs. 9.29 crore, comprising 92.91 lakh equity shares of Rs. 10 each.
This is an intra-promoter-group reshuffle triggered by an HUF dissolution rather than a fresh market purchase, so it is largely neutral for retail shareholders. Manish Shahra's promoter stake now stands at 16.46%, and the market may view promoter consolidation positively as it concentrates ownership within the family.