The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Manan Ajay Rathi
SUDARSCHEM · price
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A disclosure has been filed under SEBI (SAST) Regulations, 2011 by Manan Ajay Rathi, who is part of the promoter/promoter group of Sudarshan Chemical Industries Ltd. The transaction dated 27.03.2025 involves acquisition/sale of 27,900 shares through open market, representing 0.04% of the total share/voting capital. As a result, the aggregate promoter and promoter group holding has decreased from 24.28% (1,87,74,473 shares) to 23.90% (1,90,74,473 shares). The filing was made on 28th March 2025 and submitted to BSE, NSE, and the company.
Minor trimming of the promoter group's stake by 0.38 percentage points is largely routine and unlikely to materially impact the stock price; however, investors may note the direction of promoter exits as a sentiment signal, especially given the promoter holding remains comfortably above regulatory minimums.