The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Jeet Malhotra & PACs
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Jeet Malhotra, part of the promoter group of Sunshield Chemicals, acquired 1,140 equity shares (0.01% of total share capital) through the open market on 11th March 2026. Along with persons acting in concert (Indus Petrochem Limited, Coppersmith Energies and Project Private Limited, Sudhir Malhotra, and Swarna Malhotra), the promoter group's combined holding rose marginally from 66.28% (58,28,844 shares) to 66.31% (58,31,685 shares). The acquisition was carried out in cash via open market purchase, with no encumbrances involved. The equity share capital of the company remained unchanged at Rs. 8.79 crore.
This is a very small token purchase (just 1,140 shares) and unlikely to move the stock price or materially affect promoter control. Promoter holding remains solidly above 66%, indicating continued strong promoter commitment to the company.