The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Indus Petrochem Ltd & Others
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Indus Petrochem Ltd, along with its persons acting in concert (Coppersmith Energies, Swarna Malhotra, and Sudhir Malhotra), has disclosed acquisition of 10,67,380 equity shares of Sunshield Chemicals under the company's Rights Issue, allotted on 27 October 2025. The promoter group's combined holding increased from 64.45% (47,39,069 shares) to 66.02% (58,06,449 shares) of the expanded share capital. Sunshield's total equity capital rose from Rs 7.35 crore (73,53,060 shares) to Rs 8.79 crore (87,94,836 shares) following the allotment of 14,41,776 rights equity shares. No encumbrances, pledges, or convertible instruments are involved.
The promoter group maintained and slightly strengthened their controlling stake in Sunshield Chemicals through full subscription of their rights entitlement, signalling continued confidence and commitment to the company by the promoters.