The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Swarna Malhotra & PACs
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Swarna Malhotra, part of the promoter group of Sunshield Chemicals, purchased 2,000 equity shares (0.02%) in the open market on 13th March 2026. The acquisition was made along with persons acting in concert (PACs): Indus Petrochem Limited, Coppersmith Energies and Project Private Limited, Sudhir Malhotra, and Jeet Malhotra. The combined promoter group holding rose marginally from 58,31,685 shares (66.31%) to 58,33,685 shares (66.33%) of the company's equity. Swarna Malhotra's individual stake increased from 0.76% to 0.78%. No encumbrances, warrants, or convertible securities are involved in this transaction.
This is a small, routine promoter-group share purchase and is unlikely to materially affect the stock price. It signals continued promoter confidence, with the promoter group firmly in control at over 66% of the company.