Announced Fri, 20 Mar · 11:14 IST

The Exchange has received the disclosure under Regulation 29(1) & 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Shah Enterprise

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Price reaction · full curve 14 horizons · vs prior close

+18.2%1-day move

₹0.55

prior close

₹0.62

base price

In-mkt

timing

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+1.6+1.6+1.6-1.6+18.2+12.7+9.1+3.6+7.3+5.5+0.0+0.0-7.3-18.2

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AI summary

Suncare Traders Ltd filed a SEBI takeover regulation disclosure reporting an off-market transfer of 3,00,00,000 shares (11.76% of the company's equity capital) on 19 March 2026. Shah Enterprise, which held 11.76% before the transaction, has reduced its holding to 0%, while Nilmesh Infrabuild LLP, which had no shares earlier, has acquired the same 3,00,00,000 shares (11.76%). Neither entity belongs to the promoter or promoter group. The total equity share capital of the company is Rs. 51 crore, divided into 25.5 crore shares of Rs. 2 each. This is an inter-se transfer between two non-promoter shareholders and does not change the company's promoter holding or overall capital structure.

Likely market impact

Existing shareholders should note that the controlling non-promoter shareholder has changed hands from Shah Enterprise to Nilmesh Infrabuild LLP, but since neither is a promoter, promoter control and management of the company remain unaffected. The off-market nature of the deal means retail shareholders saw no impact on traded price or volumes.