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15 Apr 2026
Shakti Press Limited has received a substantial acquisition disclosure from promoter Suresh Kumar Sharma regarding the sale of equity shares through open market transactions. The disclosure, filed under Regulation 29 of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, details a reduction in the promoter's shareholding in the BSE-listed company.
Transaction Details
The disclosure reveals that Suresh Kumar Sharma sold 12,037 equity shares representing 0.342% of the company's total share capital through open market transactions. The shares sold were equity shares ranking pari-passu with existing equity shares of the target company.
Transaction Parameter: Details Shares Sold: 12,037 Percentage of Total Capital: 0.342% Mode of Sale: Open Market Transaction Date: April 13th, 2026 Disclosure Date: April 14th, 2026
Shareholding Changes
The transaction resulted in a notable change in Suresh Kumar Sharma's shareholding pattern in Shakti Press Limited. His total holding decreased from 110,021 shares to 97,984 shares, representing a reduction in his percentage holding from 3.125% to 2.783%.
Holding Period: Number of Shares Percentage Holding Before Transaction: 110,021 3.125% After Transaction: 97,984 2.783% Change: -12,037 -0.342%
Company Capital Structure
Shakti Press Limited maintains a stable equity share capital structure with 35,20,200 equity shares of Rs. 10/- each. The company's total voting capital remained unchanged both before and after the transaction, with the same number representing the total diluted share capital.
Regulatory Compliance
The disclosure was made in accordance with SEBI regulations governing substantial acquisitions and takeovers. As a promoter of the company, Suresh Kumar Sharma is required to disclose any changes in his shareholding that cross specified thresholds. The filing confirms his status as a member of the promoter group and provides comprehensive details of his holdings before and after the transaction.
The disclosure was signed by Suresh Kumar Sharma from Nagpur and submitted to the stock exchange as per regulatory requirements. Shakti Press Limited's shares are listed on the Bombay Stock Exchange (BSE).
Shakti Press Limited has responded to a regulatory query from BSE Limited regarding significant price movement in its shares, clarifying that no material developments are pending disclosure and attributing the fluctuations to market dynamics.
BSE Query and Company Response
The exchange sought clarification from Shakti Press Limited on March 16, 2026, concerning significant movement in the company's share price. The query was raised to ensure investors have access to the latest relevant information and to safeguard market interests.
Parameter Details Query Date March 16, 2026 Response Date March 24, 2026 Scrip Code 526841 CIN L22219MH1993PLC071882
Company's Clarification
In its response dated March 24, 2026, Shakti Press Limited provided a comprehensive clarification addressing the exchange's concerns. The company stated that there are no pending information or announcements to be made as of the date of response.
The key points of the clarification include:
No material developments requiring immediate disclosure
Price fluctuations appear to be market-driven based on company's understanding
Confirmation of promoter trading restrictions
Commitment to regulatory compliance
Promoter Trading Status
The company specifically addressed concerns about insider trading by confirming that promoters and promoter group members have not been involved in any trading activities in the company's shares since listing. These shares remain under lock-in provisions as per SEBI (ICDR) Regulation 2018.
Regulatory Compliance Commitment
Shakti Press Limited reiterated its commitment to transparency and regulatory compliance. The company assured that any future developments requiring disclosure under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, will be communicated in accordance with regulatory requirements.
The clarification was signed by Shivani Goydani, Compliance Officer and Company Secretary (Mem No. A69082), reinforcing the company's adherence to proper corporate governance protocols.
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