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
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Standard Greases & Specialities Pvt Ltd (SGSPL), a joint promoter of Veedol Corporation, acquired 3,43,500 equity shares (1.97% of total share capital) through open market purchases on 15 September 2025. SGSPL's stake rose from 36.36% (63,35,099 shares) to 38.33% (66,78,599 shares). Along with PAC Janus Consolidated Finance Pvt Ltd (1.69%), the combined promoter group holding now stands at approximately 40.02%. The disclosure was filed under Regulation 29(2) of SEBI (SAST) Regulations, 2011.
This is a positive signal showing promoter confidence, with the promoter group increasing its stake via open market purchases. The acquisition is within the 5% creeping limit allowed per financial year, and the promoter group remains well below the 50% threshold, meaning no takeover-related open offer obligation is triggered.