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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Mrs. Swarna Malhotra, part of the promoter group of Sunshield Chemicals, purchased 6,506 equity shares (0.07%) in the open market on 16th March 2026. This is a small acquisition by an individual promoter, with no change from the PAC entities (Indus Petrochem Limited, Coppersmith Energies and Project Private Limited, Sudhir Malhotra, Jeet Malhotra). The combined promoter group holding rose marginally from 66.40% to 66.48% of the company's equity share capital. The shares carry no encumbrance and were acquired through open market purchase, with the company's total equity capital unchanged at Rs. 8.79 crore. The disclosure was filed under SEBI's takeover regulations to report the change in promoter shareholding.
This is a routine, very small open-market purchase by an existing promoter that signals continued confidence but has negligible impact on stock price or shareholding structure. Total promoter holding remains comfortably above 66%, so no governance or control implications for shareholders.