The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Swarna Malhotra
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Mrs. Swarna Malhotra, part of the promoter group of Sunshield Chemicals, has informed the stock exchange about buying 200 equity shares of the company through the open market on 19th March 2026. Together with persons acting in concert (Indus Petrochem Ltd, Coppersmith Energies and Project Pvt Ltd, Sudhir Malhotra, and Jeet Malhotra), the promoter group's total holding stands at 58,47,752 shares, or 66.49% of the company's voting capital. The acquisition is negligible in size — effectively 0.00% of total share capital — and the filing is a routine regulatory disclosure under Regulation 29(2) of SEBI Takeover Rules. No encumbrance (pledge/lien) has been created on these shares.
This is a token purchase (just 200 shares) by a promoter family member and carries no meaningful change in promoter control, which remains comfortably at 66.49%. The disclosure is purely procedural and should have no material effect on the stock price or shareholder interests.