The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Standard Greases & Specialities Pvt Ltd
VEEDOL · price
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On the reaction day the stock moved 1.0 pts less than Nifty Microcap 250 and 1.0 pts less than its Lubricants peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Standard Greases and Specialities Pvt Ltd (SGSPL), part of the promoter group, bought 3,43,500 equity shares (1.97%) of Veedol Corporation through the open market on 15 September 2025. SGSPL's stake rose from 36.36% (63,35,099 shares) to 38.33% (66,78,599 shares). Together with PAC Janus Consolidated Finance (1.69%), the combined promoter group holding now stands at about 40.02% of the company. The disclosure was filed under Regulation 29(2) of the SEBI Takeover Regulations on 16 September 2025. The acquisition is well within the yearly creeping acquisition limit permitted for promoters.
Promoters continuing to increase their stake signals confidence in the company's prospects. Since the 1.97% purchase is small and done through normal market route without triggering an open offer, there is no immediate regulatory or dilution risk for existing shareholders.