The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Jeet Malhotra & PACs
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Awaiting price reaction for this filing.
Jeet Malhotra, along with persons acting in concert (Indus Petrochem Limited, Coppersmith Energies and Project Private Limited, Sudhir Malhotra, Swarna Malhotra), all part of the promoter/promoter group, filed a disclosure under Regulation 29(2) of SEBI Takeover Regulations. On 5th March 2026, Jeet Malhotra acquired just 298 equity shares of Sunshield Chemicals via the open market. This lifted the combined promoter group holding from 58,18,024 shares (66.15%) to 58,18,579 shares (66.15%) — a negligible change of 0.00%. No encumbrances, warrants, or convertible securities were involved. The equity share capital of the company remains Rs. 8.79 crore.
Practically no impact on shareholders or stock price — the acquisition is just 298 shares and does not materially change the promoter group's dominant 66.15% stake. This appears to be a routine regulatory compliance filing rather than a meaningful change in promoter ownership.