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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On the reaction day the stock moved 2.5 pts less than Nifty Microcap 250 and 1.6 pts less than its Specialty Chemicals peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Swarna Malhotra, part of the promoter group of Sunshield Chemicals, purchased 6,411 equity shares (0.08% of total share capital) in the open market on 13th March 2026. Together with persons acting in concert (Indus Petrochem Limited, Coppersmith Energies, Sudhir Malhotra, and Jeet Malhotra), her holding rose from 58,33,685 shares (66.33%) to 58,40,096 shares (66.40%). The acquisition was made through open market purchases with no change in the total equity share capital of the company. The disclosure was filed under Regulation 29(2) of SEBI Takeover Regulations, 2011.
This is a small but confidence-building move by the promoter group, signalling continued belief in the company. The promoter holding remains well above 50%, so there is no change in control. For retail investors, it is a mildly positive signal but unlikely to materially move the stock price on its own.