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 Ltd, acquired 700 equity shares (0.01% of total share capital) through open market purchase on 17th March 2026. Along with persons acting in concert (Indus Petrochem Limited, Coppersmith Energies and Project Pvt Ltd, Sudhir Malhotra, and Jeet Malhotra), the total promoter group holding increased marginally from 66.48% (58,46,602 shares) to 66.49% (58,47,302 shares). The acquisition was funded without any encumbrance or pledge, and the total share capital of the company remained unchanged at Rs. 8.79 crore.
This is a very small, routine open market purchase by the promoter group, signalling continued confidence in the company. The negligible size (just 700 shares) means it has no material impact on stock price or shareholder value, but reinforces that the promoter group remains firmly in control with over 66% holding.