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  3. Kotyark Industries Promoter Group Sells 1,79,210 Shares in Open Market on May 05
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  • 08 May 2026
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 Kotyark Industries Promoter Group Sells 1,79,210 Shares in Open Market on May 05

Gaurang R Shah HUF and Mrs. Bhaviniben Gaurang Shah, promoter group entities of Kotyark Industries Limited, disclosed the open market sale of a combined 1,79,210 equity shares (1.74%) on May 05-06, 2026, under Regulation 29(2) of SEBI Takeover Regulations. Following the transactions, Gaurang R Shah HUF fully exited its position, Mrs. Bhaviniben Gaurang Shah's holding declined to 7.78%, and the aggregate promoter group holding fell from 61.39% to 59.64% of the total equity capital of ₹10,27,91,160.

Kotyark Industries Promoter Group Sells 1,79,210 Shares in Open Market on May 05

Two promoter group entities of Kotyark Industries Limited — M/s. Gaurang R Shah HUF and Mrs. Bhaviniben Gaurang Shah — have disclosed the open market sale of a combined 1,79,210 equity shares of the company across May 05 and May 06, 2026. The disclosure was submitted by Gaurang Rameshchandra Shah, Karta of Gaurang R Shah HUF, to the National Stock Exchange of India Limited and BSE Limited on May 07, 2026, in compliance with Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

Transaction Details

The open market sales resulted in a combined change of 1.74% in the aggregate shareholding of the promoter group. The individual transaction details are summarised below:

Date of Transaction: Name of Person: Category: Shares Sold: % Change: May 05, 2026 M/s. Gaurang R Shah HUF Promoter Group 94,866 0.92% May 05, 2026 Mrs. Bhaviniben Gaurang Shah Promoter Group 12,344 0.12% May 06, 2026 Mrs. Bhaviniben Gaurang Shah Promoter Group 72,000 0.70% Total 1,79,210 1.74%

Pre- and Post-Disposal Shareholding

Prior to the transactions covered under this disclosure, the combined holding of the sellers and all Persons Acting in Concert (PACs) stood at 63,09,888 shares, representing 61.39% of the total share and voting capital of Kotyark Industries Limited. Following the disposal of 1,79,210 shares, the aggregate combined holding declined to 61,30,678 shares, equivalent to 59.64% of the total capital. The individual shareholding positions before and after the transactions are detailed below:

Shareholder: Shares Before Disposal % Before Shares After Disposal % After Mr. Gaurang Rameshchandra Shah 51,66,135 50.26% 51,66,135 50.26% Mrs. Bhaviniben Gaurang Shah 8,83,887 8.60% 7,99,543 7.78% Mr. Brijkumar Gaurang Shah 97,500 0.95% 97,500 0.95% Mr. Vandan Gaurang Shah 67,500 0.66% 67,500 0.66% Gaurang R Shah HUF 94,866 0.92% 0 0.00% All other PACs (combined) 0 0.00% 0 0.00% Total (Sellers + PACs) 63,09,888 61.39% 61,30,678 59.64%

Persons Acting in Concert

The disclosure identifies the following individuals and entities as Persons Acting in Concert (PACs) with the sellers:

Mr. Gaurang Rameshchandra Shah

Mr. Brijkumar Gaurang Shah

Mr. Vandan Gaurang Shah

Ms. Hemaben Pratikbhai Bakshi

Ms. Ketkiben Ajaykumar Shah

Ms. Dipikaben Ashokkumar Shah

Mr. Depen Ashokkumar Shah

Ms. Rupalben Snehalkumar Patel

Ms. Zalak Jignesh Desai

M/s. Kotyark Agro Private Limited

M/s. Kotyark Bio Specialities Limited

M/s. Semani Industries Limited

M/s. Khadayata Industries Limited

M/s. Kotyark Proteins Private Limited

M/s. Asia Bio Fuels LLP

M/s. Parth Renewable Energy LLP

Share Capital of Kotyark Industries Limited

The total equity share capital of Kotyark Industries Limited remained unchanged both before and after the transactions. The company's capital structure is as follows:

Parameter: Details Total Equity Share Capital: ₹10,27,91,160 Total Number of Equity Shares: 1,02,79,116 Face Value per Share: ₹10.00

The disclosure was filed by Gaurang Rameshchandra Shah, Karta of Gaurang R Shah HUF, from Vadodara on May 07, 2026, confirming that the sellers belong to the promoter group of Kotyark Industries Limited. Following these open market disposals, Gaurang R Shah HUF has fully exited its position in the company, while Mrs. Bhaviniben Gaurang Shah's holding declined from 8.60% to 7.78%. The aggregate combined holding of the sellers and all persons acting in concert declined from 61.39% to 59.64%.

Kotyark Industries Limited has received a disclosure under Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, filed by Gaurang R Shah HUF, a promoter group entity. The disclosure, submitted on May 05, 2026, pertains to the disposal of equity shares through an open market transaction executed on April 30, 2026.

Transaction Details

Gaurang R Shah HUF, represented by its Karta Gaurang Rameshchandra Shah, sold 1,16,921 equity shares of ₹10.00 each of Kotyark Industries via an open market sale. The transaction resulted in a change of 1.14% in the entity's shareholding. The key details of the transaction are summarised below:

Parameter: Details Date of Transaction: April 30, 2026 Shares Sold: 1,16,921 % of Change: 1.14% Mode of Sale: Open Market Face Value per Share: ₹10.00 Seller: Gaurang R Shah HUF (Promoter Group)

Shareholding Before and After the Transaction

Prior to the disposal, the combined holding of the promoter group stood at 65,62,191 shares, representing 63.84% of the total share and voting capital. Following the sale, the aggregate promoter group holding declined to 64,45,270 shares, equivalent to 62.70% of the total capital. The table below captures the individual holdings of key promoter group members before and after the transaction:

Promoter / PAC: Shares Before % Before Shares After % After Mr. Gaurang Rameshchandra Shah 51,66,135 50.26% 51,66,135 50.26% Mrs. Bhaviniben Gaurang Shah 8,83,887 8.60% 8,83,887 8.60% Mr. Brijkumar Gaurang Shah 97,500 0.95% 97,500 0.95% Mr. Vandan Gaurang Shah 67,500 0.66% 67,500 0.66% Gaurang R Shah HUF 3,47,169 3.38% 2,30,248 2.24% Total (Promoter Group) 65,62,191 63.84% 64,45,270 62.70%

Share Capital of Kotyark Industries

The equity share capital of Kotyark Industries remained unchanged before and after the transaction. The total share capital details are as follows:

Parameter: Details Total Equity Share Capital: ₹10,27,91,160 Total Number of Equity Shares: 1,02,79,116 Face Value per Share: ₹10.00

Persons Acting in Concert

The disclosure identifies the following entities and individuals as Persons Acting in Concert (PACs) with the seller, Gaurang R Shah HUF:

Mr. Gaurang Rameshchandra Shah

Mrs. Bhaviniben Gaurang Shah

Mr. Brijkumar Gaurang Shah

Mr. Vandan Gaurang Shah

Ms. Hemaben Pratikbhai Bakshi

Ms. Ketkiben Ajaykumar Shah

Ms. Dipikaben Ashokkumar Shah

Mr. Depen Ashokkumar Shah

Ms. Rupalben Snehalkumar Patel

Ms. Zalak Jignesh Desai

M/s. Kotyark Agro Private Limited

M/s. Kotyark Bio Specialities Limited

M/s. Semani Industries Limited

M/s. Khadayata Industries Limited

M/s. Kotyark Proteins Private Limited

M/s. Asia Bio Fuels LLP

M/s. Parth Renewable Energy LLP

The disclosure was filed with the National Stock Exchange of India Limited and BSE Limited, as Kotyark Industries shares are listed on both exchanges. The filing was signed by Gaurang Rameshchandra Shah, Karta of Gaurang R Shah HUF, from Vadodara on May 05, 2026.

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