The Exchange has received the disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Sohan Devi Nand Lal Nuwal Family Trust & PACs

Ownership Changes View source PDF Explain this filing

SOLARINDS · price

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Price reactionminutes from the announcement price · days from the prior close

+0.0%Reaction day

₹14499.00

prior close

₹14361.00

announcement price

After-mkt

timing

Nifty 100market · index membership as recorded later (tracked since Jun 2026)-0.8%+0.8% vs market

Chemicals & Petrochemicals peers, median of 190sector · industry level-0.6%+0.6% vs sector

On the reaction day the stock moved 0.8 pts more than Nifty 100 and 0.6 pts more than its Chemicals & Petrochemicals peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

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10m

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15m

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Sessions after the filingfrom the prior close

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Reaction day

+0.0-0.8+0.8-0.6+0.6

Next day

-1.7-3.0+1.3-2.8+1.1

-2.8-2.1-0.7-4.0+1.2

-3.2-1.4-1.8-3.9+0.7

-5.6-0.5-5.1-1.7-4.0

-9.0-3.8-5.2-3.6-5.4

-14.2-6.0-8.2-7.7-6.5

15d

-7.6-3.4-4.2-1.6-6.0

+0.0+0.1-0.1+4.3-4.3

+8.2-1.1+9.3+10.7-2.5

+18.4+0.1+18.3+10.1+8.4

UpDownMarket · Nifty 100Sector · Chemicals & Petrochemicals peers, median of 190Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Sohan Devi Nand Lal Nuwal Family Trust acquired 2,64,51,193 equity shares (29.23%) of Solar Industries India Ltd from promoters Kailash Chandra Nuwal (23.08%) and Indira Kailashchandra Nuwal (6.15%) by way of gift on 9th March 2026. SEBI had granted an exemption under Regulation 11(5) of the Takeover Code via its order dated 21st March 2025, allowing this transfer without triggering open offer obligations. The two transferors are themselves the settlors and trustees of the Family Trust, and the Trust will now be included as part of the promoter group. Total promoter group holding remains unchanged at 73.15% both before and after the transaction. The transfer is described as part of streamlined succession and family welfare planning.

Likely market impact

This is an internal family restructuring, not a market transaction, so there is no change in actual control or total promoter ownership. Shareholders should note that a large block of shares (29.23%) has moved into a family trust structure, which may affect how future decisions about those shares are made, but the overall promoter grip on the company stays the same.