S&T Corporation Files Annual SEBI Disclosure Confirming 55.37% Promoter Holdings

1 min read     Updated on 04 Apr 2026, 06:41 PM
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AI Summary

S&T Corporation Limited submitted its annual regulatory disclosure under SEBI SAST Regulations for FY ended March 31, 2026, confirming total promoter group shareholding of 55.37% remains unencumbered. The filing reveals Ajay Surendra Savai as the largest promoter with 24.72% stake, while other family members collectively hold 30.65%.

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S&T Corporation Limited has filed its annual regulatory disclosure under SEBI SAST Regulations for the financial year ended March 31, 2026. The company submitted comprehensive documentation to BSE Limited on April 4, 2026, confirming that the entire promoter and promoter group shareholding remains unencumbered.

Annual SEBI Disclosure Filing

The company filed the mandatory disclosure pursuant to Regulation 31(4) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. Managing Director Ajay Surendra Savai submitted the formal declaration confirming that all promoter group shareholdings are free from any encumbrances, directly or indirectly.

Parameter: Details
Filing Date: April 4, 2026
Regulation: SEBI SAST Regulation 31(4)
Financial Year: Ended March 31, 2026
Total Promoter Holding: 55.37%
BSE Code: 514197

Promoter Group Shareholding Pattern

The disclosure revealed the complete promoter group shareholding structure as of March 31, 2026. Ajay Surendra Savai holds the largest stake among promoter group members, followed by other family members maintaining significant positions.

Name of Promoter: Shares Held Percentage (%)
Ajay Surendra Savai: 78,70,068 24.72
Trishna Ajay Savai: 35,89,345 11.28
Sonal Ajay Savai: 32,46,580 10.20
Dhaval Ajay Savai: 29,18,841 9.17
Total: 1,76,24,834 55.37

Previous Share Transmission Event

Earlier in the financial year, Ajay Surendra Savai's shareholding increased significantly through transmission of 41,90,080 equity shares from his late father Surendra Savai on March 9, 2026. This transmission elevated his holding from 11.56% to 24.72%, making him the largest individual promoter shareholder.

Regulatory Compliance Framework

The annual filing demonstrates the company's commitment to regulatory compliance under SEBI guidelines. The disclosure was submitted to BSE Limited and copied to the company's registered email address. The company emphasized that all promoter holdings remain free from any pledges, liens, or other encumbrances as required under SEBI regulations.

Company Profile

S&T Corporation Limited's equity shares are listed on BSE Limited with ISIN INE110Q01023. The company's equity share capital comprises 3,18,31,205 equity shares of Rs. 2.00 each. The company maintains its registered office at 195, Walkeshwar Road, Teen Batti, Mumbai 400006.

Historical Stock Returns for S&T Corporation

1 Day5 Days1 Month6 Months1 Year5 Years
-5.03%+2.72%-12.30%-30.13%-34.03%+339.53%

Will the significant increase in Ajay Surendra Savai's shareholding to 24.72% lead to changes in the company's strategic direction or governance structure?

How might the concentrated family ownership of 55.37% impact S&T Corporation's ability to attract institutional investors or pursue future fundraising activities?

Could the recent share transmission event trigger any succession planning discussions or formal leadership transition announcements within the promoter group?

S&T Corporation Limited Announces Resignation of Company Secretary and Compliance Officer

1 min read     Updated on 27 Feb 2026, 05:37 PM
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AI Summary

S&T Corporation Limited has announced the resignation of CS Shailesh Paranjape from his role as Company Secretary and Compliance Officer, effective March 1, 2026. The resignation, citing better opportunities, was formally communicated to BSE Limited on February 27, 2026, in compliance with SEBI regulations. The company has provided all required disclosure details and will complete necessary regulatory procedures to formalize the transition.

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S&T Corporation Limited has formally notified BSE Limited about the resignation of its Company Secretary and Compliance Officer, CS Shailesh Paranjape, effective March 1, 2026. The announcement was made on February 27, 2026, in accordance with regulatory requirements under SEBI Listing Obligations and Disclosure Requirements Regulations, 2015.

Resignation Details

CS Shailesh Paranjape, holding membership number A67181, has tendered his resignation from the position to pursue better opportunities. The resignation letter was submitted to the Board of Directors, expressing gratitude for the support received during his tenure as Company Secretary and Compliance Officer.

Regulatory Compliance

The company has provided comprehensive details to BSE Limited as required under Regulation 30 of the Listing Regulations. The disclosure includes all mandatory information stipulated by SEBI Circular No. CIR/CFD/4/2015 dated September 9, 2015.

Parameter Details
Nature of Change Resignation of Company Secretary & Compliance Officer
Effective Date March 1, 2026
Officer Name CS Shailesh Paranjape
Membership Number A67181
Reason Better opportunities

Administrative Procedures

In his resignation letter, Paranjape requested the company to issue appropriate instructions for filing necessary forms with the Registrar of Companies (ROC) and BSE to formalize his resignation. He also requested the removal of his personal details from relevant databases including SDD and NSDL systems.

Company Response

The resignation was accepted by the Board of Directors and communicated to BSE Limited through Managing Director Ajay Savai (DIN 01791689). The company has assured compliance with all procedural requirements and will complete the necessary regulatory filings to effect the transition.

Historical Stock Returns for S&T Corporation

1 Day5 Days1 Month6 Months1 Year5 Years
-5.03%+2.72%-12.30%-30.13%-34.03%+339.53%

More News on S&T Corporation

1 Year Returns:-34.03%