Sarthak Industries Limited has disclosed a significant shareholding change involving promoter Manish Shahra's acquisition of additional equity shares through an off-market transfer. The transaction represents a strategic increase in promoter holding following a corporate restructuring event.

Transaction Details

The acquisition involved the following key parameters:

Shareholding Pattern Changes

The transaction has resulted in a notable change in Manish Shahra's shareholding pattern in the company:

Seller's Shareholding Impact

The disclosure reveals the impact on Suresh Chandra Shahra HUF's holdings following the dissolution:

Company Capital Structure

Sarthak Industries Limited maintains a stable capital structure with the following composition:

Regulatory Compliance

The disclosure has been made in strict compliance with Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. Manish Shahra, being a promoter of the company, has fulfilled all regulatory requirements for the transaction. The acquisition was executed through an off-market transfer mechanism, specifically arising from the dissolution of Suresh Chandra Shahra HUF.

Corporate Structure Impact

The transaction represents an internal restructuring within the promoter group rather than an external acquisition. The dissolution of Suresh Chandra Shahra HUF and subsequent transfer of shares to Manish Shahra indicates a consolidation of promoter holdings. This restructuring maintains the overall promoter group's commitment to the company while streamlining the ownership structure. The remaining shares from the dissolved HUF are under process of transfer as per the regulatory disclosure.

Maha Kosh Papers Private Limited has completed the sale of its entire shareholding in Sarthak Industries Limited, disclosing the transaction under SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The Mumbai-based company divested all 4,26,100 shares, representing 4.59% of the total voting capital of Sarthak Industries Limited.

Transaction Details

The complete divestment was executed through open market transactions over three days in March 2026. The sale was structured in multiple tranches to ensure orderly execution:

Pre and Post Transaction Holdings

Prior to the sale, Maha Kosh Papers Private Limited held 4,26,100 shares carrying voting rights in Sarthak Industries Limited, representing 4.59% of both the total share capital and diluted share capital. The company had no encumbrances, voting rights other than shares, or convertible instruments in the target company.

Company Information

Sarthak Industries Limited is listed on BSE Limited, with an equity share capital of Rs. 9,29,18,000 comprising 92,91,800 equity shares of Rs. 10 each. The company's share capital structure remained unchanged following the transaction.

Maha Kosh Papers Private Limited, incorporated in 1981 and headquartered in Church Gate, Mumbai, operated as a promoter group entity in relation to Sarthak Industries Limited. The disclosure was signed by Narendra R. Gadekar, Director (DIN: 03019790), confirming the complete exit from the investment.

Regulatory Compliance

The transaction disclosure fulfills the requirements under Regulation 29(2) of SEBI regulations, ensuring transparency in substantial shareholding changes. The open market sale mechanism provided liquidity to other investors while maintaining orderly price discovery during the divestment process.