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, a promoter of Sunshield Chemicals Ltd, along with persons acting in concert (Indus Petrochem, Coppersmith Energies, Sudhir Malhotra, and Jeet Malhotra), acquired 3,289 equity shares of the company through the open market on 9th March 2026. This represents a 0.04% increase in their combined holding, which rose from 66.24% (58,25,555 shares) to 66.28% (58,28,844 shares). Individually, Swarna Malhotra's stake increased from 0.70% to 0.74%. No encumbrances (pledges/liens) are involved. The equity share capital remains unchanged at Rs. 8,79,48,360.
This is a small promoter group buy in the open market, signalling continued promoter confidence. The acquisition is minor (0.04%) and does not materially change the controlling stake, so it is unlikely to have a significant impact on the stock price but reflects insider buying sentiment.