NAM Securities Ltd has filed a disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, announcing the sale of shares in Orosil Smiths India Ltd. The transaction represents a significant reduction in the company's shareholding position through open market sales conducted between October 01, 2025 and April 01, 2026.

Share Transaction Details

The disclosure reveals comprehensive details of NAM Securities' shareholding changes in Orosil Smiths India Ltd:

Official Filing Documentation

The disclosure was formally submitted to BSE Limited on April 02, 2026, by Neha Gupta, Company Secretary cum Compliance Officer of NAM Securities Ltd. The filing was addressed to the Listing Department of BSE Limited at Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai, with a copy forwarded to Orosil Smiths India Ltd's registered office at Flat No. 906, 9th Floor, Arunachal Building, Barakhamba Road, New Delhi.

Transaction Execution Details

NAM Securities executed the share sale through open market transactions over a six-month period from October 01, 2025 to April 01, 2026. The company, which is not part of the promoter or promoter group, conducted the transaction in full compliance with SEBI regulations. NAM Securities held no encumbrances, pledges, or liens on the shares, nor did it possess any voting rights other than through direct shareholding.

Capital Structure and Compliance

Orosil Smiths India Ltd maintains a stable capital structure with an equity share capital of Rs. 4,13,16,000, divided into 41,316,000 equity shares of Rs. 1.00 each. The capital structure remained unchanged both before and after the transaction. The disclosure was signed by Kiran Goyal, Managing Director of NAM Securities Ltd, demonstrating adherence to SEBI's substantial acquisition and takeover regulations.

Orosil Smiths India Limited has successfully completed the sale of its property located at A-89, Sector-2, Noida – 201301, receiving a total consideration of ₹26.02 crore net of expenses. The company informed BSE Limited of this completion on March 21, 2026, marking the conclusion of a transaction that has progressed through multiple payment stages since April 2025.

Transaction Completion Details

The company received the balance consideration amount on March 20, 2026, finalizing the property sale transaction. This latest development follows a series of previous payments, including a ₹1 crore payment received from buyer Mr. Sanidhya Garg in March 2026.

Transaction Timeline

The property sale has been an ongoing process with regular updates provided to stakeholders through multiple regulatory filings. The company referenced eight previous intimations dating from April 2025 through March 2026, demonstrating a systematic approach to the transaction completion.

Regulatory Compliance

The notification was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Company Secretary & Compliance Officer Sakshi Bansal signed the regulatory filing, confirming the completion of the property sale transaction.

Orosil Smiths India Limited has maintained transparency throughout the transaction process by providing timely updates on material developments, ensuring stakeholders remained informed about this significant financial transaction affecting the company.