The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Shailesh S Shah
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Awaiting price reaction for this filing.
Mr. Shailesh S Shah, Promoter and Managing Director of Sky Industries, has completed an inter-se transfer of 1,63,500 equity shares (2.07%) from Skay Finvest Private Limited into his personal demat account. The transfer was originally disclosed in 2016 but was delayed because these shares were pledged with Union Bank of India as security for a loan taken by an erstwhile group company. After the pledge was released on November 26, 2025, the transfer was finally executed on January 20, 2026. As a result, his direct holding rose from 27,80,623 shares (35.24%) to 29,44,123 shares (37.31%). The company confirms there is no change in the promoter group, aggregate promoter shareholding, or control of the company. Total equity share capital remains unchanged at 78,90,541 shares.
This is a routine housekeeping transaction that simply moves shares within the promoter group from an entity to an individual promoter; it does not change overall promoter ownership or control. The release of the earlier pledge is mildly positive as it removes an encumbrance, but the share price is unlikely to react meaningfully since no new money is deployed and no outsider is buying or selling.