The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Rameshbhai Virjibhai Kakadiya & PACs
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On the reaction day the stock moved 20.9 pts more than Nifty Microcap 250 and 20.6 pts more than its Plastic Products - Industrial peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
Minute windows have no benchmark: there is no intraday index history to compare against.
Promoters Rameshbhai Virjibhai Kakadiya and Satishkumar Dayabhai Maniya, along with PACs, sold 1,93,34,050 equity shares (5.06% of total capital) of Shish Industries Ltd in the open market on December 15 and 16, 2025. Each of the two main promoters sold 96,67,025 shares. As a result, the combined promoter group holding fell from 65.61% (25.05 crore shares) to 60.55% (23.12 crore shares). The shares were sold on BSE where Shish Industries is listed (Scrip Code 540693). No encumbrance changes were reported as part of this transaction.
A 5%+ open market sale by promoters is a negative signal — it reduces promoter skin in the game and may weigh on the stock price or investor sentiment, though promoters still hold a controlling 60.55% stake, so control is not at risk.