The Exchange has received the disclosure under Regulation 10(6) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Vasudev Sawalani
Awaiting price reaction for this filing.
Mr. Vasudev Fantadas Sawalani acquired 1,32,000 shares (8.80% of paid-up capital) of Shantai Industries Ltd through transmission from the estate of his late wife, Mrs. Priya Vasudev Sawlani, who passed away. Following this inheritance, his shareholding rose from 2,40,000 shares (16.00%) to 3,72,000 shares (24.80%). The transaction is exempt from the open offer requirement under Regulation 10(1)(g) of the SEBI Takeover Regulations, which covers acquisitions by way of transmission, succession, or inheritance. The company disclosed this to BSE on February 6, 2026.
This is a non-market, family-related transfer within the promoter/promoter group due to the death of a shareholder — no shares were traded on the exchange, so there is no direct price impact. However, Mr. Sawalani now holds 24.80% of the company, just 0.20% below the 25% open offer trigger threshold, which is a point worth monitoring for existing shareholders.