Mahakosh Papers Private Limited, a promoter group member of Sarthak Industries Limited, has disposed of 73,900 equity shares through on-market sales on BSE on March 17, 2026. The transaction reduced the company's shareholding from 500,000 shares (5.38%) to 426,100 shares (4.59%). The disposal was disclosed in compliance with SEBI insider trading regulations, with proper intimation provided to the company and stock exchange on March 18, 2026.

Sarthak Industries Promoter Group Member Mahakosh Papers Disposes 73,900 Equity Shares

Sarthak Industries Limited has disclosed that Mahakosh Papers Private Limited, a member of its promoter group, has disposed of a significant portion of its equity shareholding. The transaction represents a notable reduction in promoter group holdings and has been disclosed in accordance with regulatory requirements.

Transaction Details

The share disposal transaction involved specific parameters that demonstrate the scale and nature of the divestment:

Parameter: Details Shares Disposed: 73,900 equity shares Transaction Date: March 17, 2026 Mode of Sale: On-market transaction Exchange: BSE Limited Intimation Date: March 18, 2026

Shareholding Impact

The disposal has resulted in a measurable change in Mahakosh Papers Private Limited's stake in Sarthak Industries Limited:

Shareholding Position: Before Transaction After Transaction Number of Shares: 500,000 426,100 Percentage Holding: 5.38% 4.59% Reduction: 73,900 shares (0.79%) -

Regulatory Compliance

The disclosure has been made pursuant to Regulation 7(2)(a) read with Regulation 6(2) of the SEBI (Prohibition of Insider Trading) Regulations, 2015, as amended. Mahakosh Papers Private Limited submitted the required Form C disclosure on March 18, 2026, one day after the transaction execution.

The company secretary and compliance officer, Riya Bhandari (Jain), confirmed receipt of the intimation and ensured compliance with the regulatory framework. The disclosure was simultaneously submitted to BSE Limited and Sarthak Industries Limited's board of directors.

Company Information

Mahakosh Papers Private Limited, incorporated in 1981 with CIN U99999MH1981PTC025380, maintains its registered office at Churchgate, Mumbai. The disposal was authorized by Director Narendra R. Gadekar (DIN: 03019790), who signed the regulatory disclosure documents on behalf of the selling entity.

Sarthak Industries Limited has announced a credit rating upgrade from India Ratings and Research (Ind-Ra), marking a positive development for the Mumbai-based manufacturing company. The rating agency upgraded the company's bank loan facilities from IND A4+ to IND BB+/Stable/IND A4+ through its press release dated February 06, 2026.

Rating Upgrade Details

The company informed BSE Limited about this development under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The upgrade reflects India Ratings' assessment of the company's improving operational prospects.

Parameter Details Previous Rating IND A4+ Upgraded Rating IND BB+/Stable/IND A4+ Rating Agency India Ratings and Research (Ind-Ra) Announcement Date February 06, 2026 Facility Type Bank Loan Facilities

Rating Rationale and Business Outlook

India Ratings provided detailed rationale for the upgrade, highlighting both positive factors and areas of concern. The rating agency expects the company's scale of operations to improve in FY26, which should lead to enhanced EBITDA margins through better absorption of fixed costs.

However, the ratings also reflect certain challenges:

Modest EBITDA margins in FY25

Stretched liquidity position in FY25

Expected similar credit metrics levels in FY26

Likelihood of continued stretched liquidity in FY26

Company Strengths and Experience

The upgraded rating remains supported by the strong foundation built by the company's promoters, who bring more than three decades of experience in the manufacturing sector. The company's core business activities include:

Manufacturing of cylinders

Trading of agricultural commodities

Trading of non-agricultural commodities

This extensive experience in both manufacturing and trading operations provides stability to the company's business model and supports the rating agency's assessment.

Regulatory Compliance

Sarthak Industries Limited, incorporated in 1982 with CIN L99999MH1982PLC136834, has fulfilled its regulatory obligations by promptly informing the stock exchange about this rating change. The company's registered office is located in Mumbai, Maharashtra, and it trades on BSE under scrip code 531930.

The complete credit rating report by India Ratings and Research is available on the agency's official website for stakeholders seeking detailed analysis of the rating decision.

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