Sunshield Chemicals: Swarna Malhotra Acquires 6,506 Additional Shares, Promoter Holding Increases to 66.48%

Sunshield Chemicals has received a disclosure under Regulation 29(2) of SEBI Takeover Regulations regarding the substantial acquisition of shares by promoter Swarna Malhotra and persons acting in concert (PACs). The latest acquisition represents an increase in the promoter group's shareholding through open market transactions, filed on March 17, 2026.

Latest Acquisition Details

The recent transaction involved the purchase of 6,506 equity shares by Swarna Malhotra through open market operations on March 16, 2026. This acquisition was disclosed through a formal filing to BSE Limited on March 17, 2026.

Transaction Details: Value Shares Acquired: 6,506 Acquisition Date: March 16, 2026 Filing Date: March 17, 2026 Mode of Acquisition: Open Market

Updated Shareholding Pattern

The acquisition resulted in an increase in the total holding of Swarna Malhotra and PACs:

Holding Period: Number of Shares Percentage Before Latest Acquisition: 58,40,096 66.40% After Latest Acquisition: 58,46,602 66.48% Net Change: +6,506 +0.08%

Individual Shareholding Breakdown

The detailed shareholding breakdown after the latest acquisition shows:

Entity: Shares Held Percentage Indus Petrochem Limited: 54,84,493 62.36% Coppersmith Energies and Project Private Limited: 2,77,973 3.16% Swarna Malhotra: 81,794 0.93% Jeet Malhotra: 1,505 0.02% Sudhir Malhotra: 837 0.01%

Regulatory Compliance

The disclosure was filed in compliance with SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The company's equity share capital remains unchanged at Rs. 8,79,48,360 both before and after the acquisition. The shares are listed on BSE Limited under scrip code 530845.

Key Transaction Parameters

Parameter: Details Stock Exchange: BSE Limited Promoter Group Status: Yes Encumbrances: Nil Convertible Securities: Nil Warrants: Nil

Sunshield Chemicals promoter Jeet Malhotra has filed a mandatory disclosure with BSE Limited following his acquisition of additional equity shares in the company. The filing, made under Regulation 29(2) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeover) Regulations, 2011, details the purchase of 1140 equity shares through open market transactions on March 11, 2026.

Share Acquisition Details

The acquisition involved a purchase that increased Malhotra's individual holding from 365 shares to 1505 shares, while marginally increasing the overall promoter group stake from 66.28% to 66.31%. The shares were acquired through open market purchases, representing a standard method of equity accumulation by existing promoters.

Parameter: Details Shares Acquired: 1140 equity shares Acquisition Date: March 11, 2026 Mode of Acquisition: Open Market Acquirer: Jeet Malhotra Filing Date: March 12, 2026

Shareholding Pattern Before and After Acquisition

The disclosure reveals the comprehensive shareholding structure of the promoter group before and after the transaction. Indus Petrochem Limited continues to hold the largest stake among the persons acting in concert, followed by Coppersmith Energies and Project Private Limited.

Entity: Before Acquisition After Acquisition Percentage After Jeet Malhotra: 365 shares 1505 shares 0.01% Indus Petrochem Limited: 54,84,493 shares 54,84,493 shares 62.36% Coppersmith Energies: 2,77,973 shares 2,77,973 shares 3.16% Sudhir Malhotra: 837 shares 837 shares 0.01% Swarna Malhotra: 65,176 shares 66,877 shares 0.76% Total Group Holding: 58,28,844 shares 58,31,685 shares 66.31%

Regulatory Compliance and Company Details

The filing demonstrates compliance with SEBI's substantial acquisition regulations, which require disclosure when promoters or persons acting in concert acquire additional shares. Sunshield Chemicals Limited is listed on BSE Limited under scrip code 530845.

Company Parameter: Details Equity Share Capital: Rs. 8,79,48,360 Stock Exchange: BSE Limited Scrip Code: 530845 Promoter Group Status: Yes Total Diluted Capital: Rs. 8,79,48,360

The company's equity share capital remains unchanged at Rs. 8,79,48,360 following the acquisition. The promoter group's collective holding of 66.31% reflects their continued significant control over the company's operations and strategic direction.

Market Implications

The acquisition represents a routine promoter transaction that marginally strengthens the existing control structure of Sunshield Chemicals Limited. The increase in individual shareholding while preserving the overall group percentage indicates stable promoter commitment to the company. The open market purchase method suggests confidence in the company's market valuation and future prospects.

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