Shah Enterprise Sells 11.76% Stake in Suncare Traders Ltd Through Off-Market Transaction

Suncare Traders has received a regulatory disclosure from Shah Enterprise regarding the complete divestment of its shareholding in the company. The transaction represents a significant change in the company's shareholding pattern as disclosed under SEBI takeover regulations.

Transaction Details

Shah Enterprise has sold its entire stake in Suncare Traders Ltd through an off-market transaction completed on March 19, 2026. The disclosure was submitted to BSE Limited in compliance with Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

Parameter: Details Transaction Date: March 19, 2026 Mode of Sale: Off Market Shares Sold: 3,00,00,000 Percentage Sold: 11.76% Stock Exchange: BSE Limited

Shareholding Changes

The transaction details reveal a complete exit by Shah Enterprise from Suncare Traders. Prior to this sale, Shah Enterprise held 3,00,00,000 shares representing 11.76% of the total share capital. Following the completion of this off-market transaction, the entity's holding has been reduced to zero.

Holding Period: Number of Shares Percentage Before Transaction: 3,00,00,000 11.76% Shares Sold: 3,00,00,000 11.76% After Transaction: 00 00%

Company Share Capital Structure

Suncare Traders Ltd maintains a consistent equity share capital structure before and after this transaction. The company's total equity share capital remains at Rs. 51,00,00,000 divided into 25,50,00,000 equity shares of Rs. 2 each. The disclosure confirms that Shah Enterprise is not part of the promoter or promoter group of Suncare Traders.

Regulatory Compliance

The disclosure was formally communicated to both BSE Limited and the compliance officer of Suncare Traders Ltd. Jimmy, acting as the authorized signatory and partner for Shah Enterprise, submitted the required documentation to ensure compliance with SEBI regulations governing substantial shareholding changes in listed companies.

Suncare Traders Limited has announced its unaudited financial results for the quarter ended December 31, 2025, demonstrating a strong recovery in its third quarter performance. The company's Board of Directors approved these results during their meeting held on February 3, 2026, at the registered office, with the meeting commencing at 3:00 PM and concluding at 3:30 PM.

Quarterly Financial Performance

The company reported a significant turnaround in Q3FY26, achieving profitability after the previous quarter's challenges. The financial metrics show a marked improvement across key parameters.

Metric: Q3FY26 (Dec 2025) Q2FY26 (Sep 2025) Q3FY25 (Dec 2024) Total Income: Rs. 29.97 lakhs Rs. 261.86 lakhs Rs. 104.64 lakhs Total Expenses: Rs. 1.64 lakhs Rs. 185.65 lakhs Rs. 57.36 lakhs Profit Before Tax: Rs. 28.33 lakhs Rs. (109.40) lakhs Rs. 47.28 lakhs Net Profit After Tax: Rs. 28.33 lakhs Rs. (111.90) lakhs Rs. 76.08 lakhs Basic EPS: Rs. 0.06 Rs. (0.22) Rs. 0.15

Nine-Month Performance Analysis

The company's nine-month performance for FY26 showed substantial improvement compared to the corresponding period in the previous year. Total income for the nine months ended December 31, 2025, stood at Rs. 217.76 lakhs, while total expenses were controlled at Rs. 19.68 lakhs.

Parameter: Nine Months FY26 Nine Months FY25 Change Total Income: Rs. 217.76 lakhs Rs. 471.05 lakhs Decrease Total Expenses: Rs. 19.68 lakhs Rs. 347.17 lakhs Significant Reduction Net Profit: Rs. 198.08 lakhs Rs. 79.47 lakhs Rs. 118.61 lakhs increase Basic EPS: Rs. 0.39 Rs. 0.16 Rs. 0.23 increase

Expense Management and Operational Efficiency

The company demonstrated effective expense management during Q3FY26, with total expenses dropping to Rs. 1.64 lakhs from Rs. 185.65 lakhs in the previous quarter. Key expense categories included employee benefit expenses of Rs. 0.57 lakhs and other expenses of Rs. 1.07 lakhs, with finance costs and depreciation being nil.

The significant reduction in other expenses from Rs. 184.58 lakhs in Q2FY26 to Rs. 1.07 lakhs in Q3FY26 contributed substantially to the improved profitability.

Regulatory Compliance and Corporate Governance

The financial results were prepared in accordance with Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The results were reviewed by the Audit Committee and received approval from the Board of Directors. The statutory auditors, M/s. Goenka Mehta & Associates, conducted a limited review of the financial results as required under SEBI regulations.

Corporate Details: Information CIN: L51909GJ1997PLC031561 Scrip Code: 539526 Scrip ID: SCTL Face Value per Share: Rs. 2.00 Paid-up Equity Capital: Rs. 5,100.00 lakhs

The company operates in a single business segment, and the financial statements comply with Indian Accounting Standards. Wholetime Director Harshad Rathod signed the regulatory filings, ensuring adherence to corporate governance requirements and timely disclosure to stakeholders.

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