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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Awaiting price reaction for this filing.
Swarna Malhotra, part of the promoter group of Sunshield Chemicals, bought 257 shares of the company through the open market on 5th March 2026. Along with persons acting in concert (Indus Petrochem Ltd, Coppersmith Energies & Project Pvt Ltd, Sudhir Malhotra, and Jeet Malhotra), the promoter group's total holding stands at 58,18,579 shares, or 66.15% of the company's share capital, unchanged in percentage terms from before the acquisition. The disclosure was filed under Regulation 29(2) of the SEBI Takeover Regulations, which mandates reporting of share acquisitions by promoters. The buy is negligible in size and does not materially alter the promoter's stake in the company.
This is a routine, token open-market purchase by a promoter and signals continued confidence in the company, but the quantity (just 257 shares) is too small to have any meaningful effect on the stock price or shareholding pattern.