Kotyark Industries Promoter Group Sells 1,79,210 Shares in Open Market on May 05-06, 2026
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.
*this image is generated using AI for illustrative purposes only.
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%.
Historical Stock Returns for Kotyark Industries
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +0.58% | -4.57% | +11.03% | +47.23% | +19.20% | +785.12% |
Will the promoter group's aggregate shareholding falling below 60% trigger any regulatory scrutiny or impact Kotyark Industries' corporate governance ratings?
Could the complete exit of Gaurang R Shah HUF signal a broader promoter stake reduction strategy, and might further open market sales be expected in the near term?
How might the decline in promoter holding affect institutional and retail investor sentiment toward Kotyark Industries' stock in the coming months?
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