The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Mrs. Sonali Nilesh Kocharekar
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Mrs. Sonali Nilesh Kocharekar, a promoter of Sonalis Consumer Products Ltd, purchased 174,000 equity shares in the open market on 28/05/2025, representing 3.66% of the company's total share capital. This acquisition increased her shareholding from 694,274 shares (14.62%) to 868,274 shares (18.28%). The total equity share capital of the company remains unchanged at 47,49,000 shares of Rs. 10 each. The disclosure was filed under Regulation 29(2) of the SEBI Takeover Regulations, 2011.
This is a positive signal as it shows promoter confidence, with the promoter increasing her stake by nearly 3.66 percentage points through open market purchases. Such buying by promoters often indicates belief in the company's future prospects and can be viewed favorably by retail investors.