Promoter Vasudev Fatandas Sawlani and his associated Persons Acting in Concert (PACs) have exited Shantai Industries Limited completely, selling their entire stake of 55,80,000 equity shares to Jinesh Kanaiyalal Pandav and his associated entities. The off-market transaction, executed on August 17, 2026, accounted for 74.40% of the company’s total voting capital, leaving the promoter group with a zero percent holding and transferring majority control to the new acquirer group.

The sale was conducted pursuant to a Share Purchase Agreement under Regulation 29(1) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. Prior to the transaction, the promoter group held 55,80,000 shares carrying voting rights, representing 74.40% of the total share capital. No shares were encumbered by pledge or lien before or after the sale.

Transaction Details

The consolidated disclosure outlines the specific contributions from each promoter family member involved in the divestment and the corresponding acquisition by the new entity group.

Vasudev Fatandas Sawlani, identified as the primary promoter, disposed of the largest block at 18,60,000 shares (24.80%). The remaining three promoters—Murlibhai Fatandas Sawlani, Harishbhai Fatandas Sawlani, Disha Murlidhar Sawlani, and Reena Harish Sawlani—sold equal or proportional blocks totaling 37,20,000 shares.

New Acquirer Group Details

The shares were acquired by Jinesh Kanaiyalal Pandav and his Persons Acting in Concert (PACs), who did not hold any stake in the company prior to this transaction. The acquisition was made through an off-market transfer pursuant to a Share Purchase Agreement.

Radhe Dhokla Private Limited acquired the largest block at 49,80,000 shares (66.40%), followed by Jinesh Kanaiyalal Pandav with 3,75,000 shares (5.00%). The remaining PACs acquired smaller blocks of 75,000 shares each.

Capital Structure Impact

The total equity share capital of Shantai Industries Limited remains unchanged at 75,00,000 equity shares of ₹2 each. The off-market nature of the transaction means the shares were transferred directly between parties rather than through open market trading. The disclosure was submitted to BSE Limited and the company on August 19, 2026.

Shantai Industries Limited has filed its standalone unaudited financial results for the quarter ended June 30, 2026, marking the completion of its Q1FY27 reporting cycle. The Surat-based industrial conglomerate submitted the filings to the Bombay Stock Exchange (BSE) on August 11, 2026, ensuring transparency and regulatory compliance for its investors. This filing serves as the formal record of the company's financial position for the period, allowing stakeholders to access detailed performance metrics through the exchange's official portal.

The Board of Directors approved the financial results during a meeting held on August 10, 2026. Prior to board approval, the Audit Committee reviewed and recommended the figures, adhering to standard corporate governance protocols. The company cited Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as the governing framework for this disclosure. Additionally, Shantai Industries complied with Regulation 30 and Regulation 47 of the same regulations by publishing newspaper advertisements containing extracts of the financial results.

Regulatory Compliance and Disclosures

Shantai Industries Limited ensured broad dissemination of its financial updates by publishing advertisements in both English and regional language newspapers on Tuesday, August 11, 2026. The English daily 'Free Press Gujarat' and the regional language daily 'Lokmitra' carried the notices, reaching diverse investor segments across Gujarat and beyond. These publications are mandatory requirements under SEBI guidelines to ensure that all shareholders, including those not actively monitoring digital platforms, receive timely information about the company's performance.

The full format of the standalone unaudited financial results is available on the BSE website at www.bseindia.com and the company's official website at www.shantaiindustrieslimited.com . Investors can access comprehensive data, including balance sheets, profit and loss statements, and cash flow details, through these digital channels. The company's registered office remains at Shop 10, 2nd Floor, Agrasen Point, Nr Agrasen Bhavan, Citylight Road, Bharthana, Surat, Gujarat, 395007.

What the Numbers Show

While the specific financial metrics such as revenue, net profit, or EBITDA were not included in the provided draft text, the act of filing itself confirms that Shantai Industries Limited is maintaining active operations and meeting its statutory reporting obligations. For a listed entity, timely filing of quarterly results is critical for maintaining listing status and investor confidence. The absence of delayed filings or regulatory warnings suggests stable corporate governance practices during this quarter. Investors seeking granular financial analysis should refer to the complete document hosted on the BSE portal, which will contain all material figures required for fundamental valuation.

The company continues to operate under the leadership of its existing management team, with Vasudev Fatandas Sawlani serving as Wholetime Director. Shipra Mehta, Company Secretary and Compliance Officer, facilitated the submission of the intimation letter to the BSE, underscoring the internal compliance mechanisms in place. As Shantai Industries moves into the next quarter, market participants will look for any strategic announcements or operational updates that may accompany future financial disclosures.