The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Smita Shah
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Mrs. Smita Shashikant Shah, identified as part of the promoter/promoter group of Sonalis Consumer Products Ltd, bought 158,000 equity shares through open market transactions on May 27, 2025. This raised her shareholding from 572,273 shares (12.05%) to 730,273 shares (15.37%), an increase of 3.32%. The acquisition was carried out entirely on the BSE SME platform. The company's total equity share capital remained unchanged at 47,49,000 shares of Rs. 10 each. The disclosure was submitted to the stock exchange as required under SEBI's takeover regulations.
An open-market purchase by a promoter typically signals insider confidence in the company's future and is generally viewed positively by retail investors. The 3.32% stake increase meaningfully strengthens the promoter's position, though the stock remains listed on the BSE SME segment.