The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Swarna Malhotra & PAC
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Swarna Malhotra, identified as part of the Promoter/Promoter group of Sunshield Chemicals Ltd, has filed a disclosure for acquiring 3 equity shares through open market purchase on 25th May 2026. The acquisition forms part of a broader Person Acting in Concert (PAC) group that includes Indus Petrochem Limited, Coppersmith Energies and Project Private Limited, Sudhir Malhotra, and Jeet Malhotra. Prior to this acquisition, the combined holding of the acquirer and PACs stood at 58,52,190 shares representing 66.54% of the total share capital. After acquiring just 3 shares, the combined holding increased marginally to 58,52,193 shares, maintaining the same 66.54% stake. No encumbrances, pledges, or convertible securities were involved in this transaction.
This is a minimal acquisition of 3 shares with no material change to the promoter group's controlling stake of 66.54%. The filing appears to be a routine compliance disclosure for a negligible open market purchase, with no immediate impact on shareholder value or stock movement expected.