The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Jitesh Rameshchandra Khokhani
Awaiting price reaction for this filing.
Jitesh Rameshchandra Khokhani, Whole Time Director and Promoter of Shamrock Industrial Company Limited, sold 1,09,203 equity shares (2.01% of total share capital) on August 8, 2025 through an off-market transaction. The sale was executed pursuant to a Share Purchase Agreement dated May 29, 2025 with the Acquirers of the company, for a total consideration of approximately Rs. 17.91 lakh. As a result, his individual holding dropped from 3.88% (2,10,476 shares) to 1.87% (1,01,273 shares). The combined Promoter and Persons Acting in Concert (PAC) group holding reduced from 42.98% (23,32,869 shares) to 40.97% (22,23,666 shares) of the company's paid-up equity capital of 54,28,414 shares.
This is a promoter stake sale of over 2% to identified Acquirers via a pre-agreed Share Purchase Agreement, indicating a change in ownership or control is underway. The promoter group's post-sale holding of 40.97% is below the 50% threshold, which could have implications for management control and may signal further corporate action involving the new acquirers.