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, acquired 900 equity shares through open market purchase on 17th February 2026. The combined holding of the acquirer and persons acting in concert (Indus Petrochem Limited, Coppersmith Energies and Project Private Limited, Sudhir Malhotra) rose marginally from 58,11,493 shares (66.08%) to 58,12,393 shares (66.09%) of the company's voting capital. The change represents an increase of just 0.01% in promoter group stake. No encumbrances (pledges) were involved, and the acquisition was entirely through the open market route.
This is a token/very small promoter group purchase with no meaningful change in ownership structure. Promoter holding remains comfortably high at over 66%, signaling continued promoter confidence, but the negligible size of this acquisition is unlikely to move the stock price.