Sheetal Cool Products Limited saw a minor increase in promoter group holding as Yash Bhupatbhai Bhuva acquired 10,621 equity shares through a gift transaction on September 28, 2026.

The acquisition was executed without any consideration, classified as a gift under SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. Following this transaction, Bhuva’s shareholding in the company increased from 471,059 shares to 481,680 shares.

Holding Structure Changes

The disclosure highlights a shift in the individual stake within the promoter group. The table below details the pre- and post-acquisition holdings for the acquirer:

The total equity share capital of the company remained unchanged at ₹10.50 crore, comprising 1,05,00,000 fully paid equity shares of ₹10 each. The diluted share capital also remains at the same level, indicating no outstanding convertible securities or warrants affecting the voting capital structure.

Regulatory Disclosure Details

The transaction was reported under Regulation 29(2) of the SEBI (SAST) Regulations, 2011. Yash Bhupatbhai Bhuva is identified as belonging to the Promoter Group of the target company. He acts in concert with ten other individuals, all members of the promoter or promoter group, as listed in the regulatory filing.

The Persons Acting in Concert (PAC) include family members such as Sanjay Dakubhai Bhuva, Bhupatbhai Dakubhai Bhuva, and Dineshkumar Dakubhai Bhuva, among others. The mode of acquisition is explicitly stated as "Gift (without any consideration)," distinguishing it from open market purchases or preferential allotments.

What the Numbers Show

The acquisition represents a fractional increase in individual promoter holding, adding just 0.101% to the total voting capital. While the absolute number of shares transferred is modest at 10,621 units, it reflects internal consolidation or succession planning within the promoter family rather than external capital infusion. The absence of encumbrances on both pre- and post-acquisition holdings suggests that these shares are free from pledges or liens, maintaining a clean title status for this portion of the promoter stake.

Sheetal Cool Products concluded its 13th Annual General Meeting on September 29, 2026. The company adopted audited financial statements for the fiscal year ended March 31, 2026.

The meeting was conducted through Video Conferencing and Other Audio-Visual Means in compliance with Ministry of Corporate Affairs and SEBI circulars. Bhupatbhai D. Bhuva, Chairperson of the company, chaired the session which began at 12:05 pm and concluded at 12:30 pm.

Key resolutions passed

Shareholders considered and approved the following items during the meeting:

• Adoption of the audited Balance Sheet, Statement of Profit and Loss, and Cash Flow Statement for FY26.
• Re-appointment of Dineshbhai D. Bhuva as a director retiring by rotation.
• Ratification of the remuneration payable to the Cost Auditor.

Governance and voting details

Rajshri M. Indoria, Company Secretary and Compliance Officer, informed members that electronic voting facilities were provided pursuant to Section 108 of the Companies Act, 2013. Nayan Pitroda, Practicing Company Secretary, served as the scrutinizer to ensure fair and transparent e-voting conduct.

The detailed voting results will be submitted separately as per SEBI Listing Obligations and Disclosure Requirements Regulations, 2015.