The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Sohan Devi Nand Lal Nuwal Family Trust
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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.
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Promoter Kailash Chandra Nuwal has transferred 2,08,82,963 equity shares (23.08% of paid-up capital) to the Sohan Devi Nand Lal Nuwal Family Trust as a gift, for the purpose of family succession and welfare. The transfer was carried out on 9th March 2026 with pre-clearance dated 4th March 2026. After this transfer, Kailash Chandra Nuwal will hold zero shares in the company, while the Family Trust will hold 23.08%. The total promoter group holding remains unchanged at 73.15% because this is an inter-se transfer within the promoter family. SEBI had already granted an exemption under Regulation 11 of the Takeover Code (order dated 21st March 2025) from open offer obligations for this inter-se transfer. The Family Trust will be included as part of the promoter group going forward.
No real impact on shareholders or stock price — this is an internal family restructuring, not a sale to outsiders. Overall promoter control and the 73.15% promoter holding stay exactly the same, so there is no change in who controls the company.