The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Shamrock Pharmachemi Pvt Ltd & PACs
Awaiting price reaction for this filing.
Shamrock Pharmachemi Private Limited, the promoter of Shamrock Industrial Company Ltd, acquired 2,68,000 equity shares (4.94% of total capital) through an off-market transaction on 28 March 2025. The promoter's individual holding rose from 4.68% (2,53,900 shares) to 9.62% (5,21,900 shares). Along with Persons Acting in Concert (PACs), the promoter group's collective stake increased from 38.04% to 42.98% of the company. The total equity share capital of the company stands at 54,28,414 shares of Rs. 10 each. The size of this acquisition is just below the 5% creeping acquisition limit allowed per financial year under SEBI takeover rules.
Promoter buying usually signals confidence in the company. However, the promoter group is now at 42.98%, just 2 percentage points away from the 45% open offer trigger threshold under SEBI SAST regulations — any further acquisition beyond this point could attract mandatory open offer obligations.