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, purchased 1,384 equity shares (0.02% of total share capital) through the open market on 27th March 2026. Together with persons acting in concert (Indus Petrochem Ltd, Coppersmith Energies, Sudhir Malhotra, and Jeet Malhotra), her total holding rose marginally from 66.52% to 66.54% of the company's share capital. The acquisition was made under Regulation 29(2) of the SEBI Takeover Regulations, 2011, with no change to the encumbrance position. The total equity share capital of the company remains unchanged at Rs. 8,79,48,360.
This is a small promoter-group purchase signalling continued confidence in the company, but the size of the acquisition is negligible in financial terms and is unlikely to move the stock price. The promoter group continues to hold a strong majority stake of over 66%, leaving limited room for further large-scale acquisitions without triggering takeover norms.