The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Savitri Devi Sureka & Others
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The promoter group of Shentracon Chemicals, led by Sanjay Sureka, has sold 23,17,343 equity shares representing 52.21% of the company's total paid-up equity capital through a Share Purchase Agreement (off-market block deal). The sellers include Savitri Devi Sureka (6,10,700 shares), Sanjay Sureka (1,59,267 shares), Jagdish Prasad Sureka HUF (1,50,000 shares), Shentracon Finalease Pvt Ltd (5,28,392 shares), Shentracon Holdings Pvt Ltd (3,72,750 shares), Satya Leasing Co Ltd (2,69,150 shares), and Prismo India Ltd (2,27,084 shares). The transaction took place on 20th-21st November 2025. Following this sale, the promoter group's holding has dropped from 52.21% to 0.00%, marking a complete exit. Importantly, the acquirer does not belong to the promoter or promoter group, signaling an outsider is taking control of the company.
This is a major change-of-control event with the promoter group fully exiting the company via an off-market block deal. Existing shareholders should look for follow-up disclosures identifying the new acquirer and their intentions, as the stock is likely to see heightened activity and potential volatility. The total equity capital of 44,38,143 shares remains unchanged, meaning no new shares were issued.