The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Shashikant Chimanlal Shah
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On the reaction day the stock moved 1.5 pts more than Nifty Microcap 250 and 1.4 pts more than its Packaged Foods peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Mr. Shashikant Chimanlal Shah, part of the promoter group of Sonalis Consumer Products Ltd (BSE SME, Scrip Code 544160), bought 26,000 equity shares in the open market on 23 May 2025. This increased his holding from 36,750 shares (0.77%) to 62,750 shares (1.32%) of the company's voting capital. The acquisition was disclosed under Regulation 29(2) of the SEBI Takeover Regulations, 2011. The company's total equity share capital remains 47,49,000 shares of Rs. 10 each.
This is a promoter buying additional shares, which is generally seen as a positive confidence signal indicating the promoter believes the stock is undervalued. However, the promoter's overall stake remains very small at just 1.32%, so the financial commitment is modest and unlikely to materially move the stock price.