The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Pradeep Rathi & Rahul Rathi
SUDARSCHEM · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Pradeep Ramwilas Rathi and Rahul Pradeep Rathi, both classified as non-promoters, sold 7,86,119 equity shares each (1.00% of total share capital) of Sudarshan Chemical Industries Ltd through open market on 16 April 2026. Post-sale, Pradeep Rathi holds 26,38,621 shares (3.36%) and Rahul Rathi holds 22,37,740 shares (2.85%). Combined, the two sellers disposed of about 15.72 lakh shares, reducing their aggregate holding from roughly 8.21% to 6.21% of the company. The disclosure was filed under SEBI's SAST Regulation 29(2), which mandates reporting of share sales crossing the prescribed threshold.
This is a non-promoter open-market sale of over 2% combined stake, which may create mild short-term supply pressure on the stock. However, since the sellers are not part of the promoter group, there is no change in promoter control or management outlook.