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.
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 & 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.