The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Swarna Malhotra & PAC
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Swarna Malhotra, part of the promoter group of Sunshield Chemicals, acquired 2,600 equity shares (0.03% of total share capital) through open market purchase on 4th March 2026. Along with Persons Acting in Concert (Indus Petrochem Limited, Coppersmith Energies and Project Private Limited, Sudhir Malhotra, and Jeet Malhotra), the total promoter group holding increased marginally from 66.12% to 66.15%. Swarna Malhotra's individual stake rose from 0.59% to 0.62%. The acquisition was made in cash via open market and there is no change in encumbrance (pledge/lien).
This is a very small, routine open-market purchase by the promoter group, signalling mild confidence but having negligible impact on shareholding pattern or stock price. No regulatory threshold concerns as the promoter group already holds well above 75%.