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, along with Persons Acting in Concert (Indus Petrochem, Coppersmith Energies, Sudhir Malhotra, and Jeet Malhotra), has reported acquiring 2,400 equity shares (0.03% of total share capital) via open market on 23rd March 2026. Before the acquisition, the promoter group's combined holding stood at 58,47,752 shares (66.49%); after this purchase, it marginally increased to 58,50,152 shares (66.52%). The acquisition was made solely by Swarna Malhotra in her personal capacity, with no changes in holdings of the other PAC entities. No encumbrance, warrants, or convertible securities are involved in this transaction.
This is a very small token acquisition by a member of the promoter group and is largely symbolic — it does not materially change the promoter holding structure or voting power. Retail investors should note this reflects promoter confidence but is too small to have any meaningful impact on stock price or control dynamics.