The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Siddhi Power Ltd
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Siddhi Power Ltd, a non-promoter entity, has disclosed a reduction in its shareholding in Suncare Traders Ltd under SEBI's Takeover Regulations. Before the transaction, Siddhi Power held 1,27,43,831 shares (5.00% of voting capital). It sold 69,08,118 shares (2.71%) through open market/off-market deals between 5 March 2026 and 24 March 2026. After the sale, its holding stands at 58,35,713 shares (2.29% of voting capital). The total equity share capital of Suncare Traders remains unchanged at Rs. 51 crore (25.5 crore shares of Rs. 2 each). The filing has been submitted to BSE and a copy sent to Suncare Traders' compliance officer.
This is a non-promoter trimming its stake below the 5% disclosure threshold, which may indicate reduced confidence or a portfolio rebalancing by this holder. For retail investors, it is a mild negative signal as a non-promoter exits a significant chunk of its position, but impact on stock price is likely limited given the small overall shareholding remaining.