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, has filed a disclosure under Regulation 29(2) of SEBI Takeover Regulations for acquiring 15 equity shares of the company through the open market on 25th March 2026. The acquisition was made by Swarna Malhotra along with Persons Acting in Concert (PACs) — Indus Petrochem Limited, Coppersmith Energies and Project Private Limited, Sudhir Malhotra, and Jeet Malhotra. After this acquisition, the combined promoter group holding stands at 58,50,167 shares, representing 66.52% of the total share capital. The change in holding is negligible (0.00%) as the total promoter stake remains unchanged at 66.52%.
This is a routine, token acquisition by the promoter group with no meaningful impact on shareholding pattern or control. Shareholders should note that the promoter group continues to hold a strong majority stake of 66.52%, and no material change in control is indicated.