Former Director Sanjay Bansal sold 50,000 equity shares of Shivalik Rasayan Limited for ₹1,24,87,360 on August 3, 2026, marking a significant reduction in his personal stake in the chemical manufacturer. The sale, executed on both the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE), reduced Bansal’s holding from 1,00,000 shares (0.63% of total equity) to 50,000 shares (0.32%). This divestment represents half of his previously disclosed holdings, signaling a continued exit from the company's equity.

The disclosure was submitted to the exchanges on August 5, 2026, under Regulation 7(3) read with Regulation 6(2) of the SEBI (Prohibition of Insider Trading) Regulations, 2015. As a connected person identified by the company, Bansal’s trading activities are subject to strict monitoring and disclosure requirements to prevent insider trading violations. The filing confirms that no derivatives trading was reported by Bansal during this period, and the transaction was conducted entirely on the open market.

Transaction Details

Regulatory Compliance

The intimation was filed in Form-D pursuant to the SEBI (Prohibition of Insider Trading) Regulations, 2015. Parul Arora, Company Secretary and Compliance Officer of Shivalik Rasayan Limited, digitally signed the disclosure on August 5, 2026. The company requested the exchanges to treat this intimation as compliance with the regulatory framework and record the same. The value of the transaction excludes taxes, brokerage, and other associated charges, as per standard reporting norms.

Shivalik Rasayan Limited disclosed on July 28, 2026, that former Director Sanjay Bansal sold 60,000 equity shares in the company through the open market. The transaction, valued at ₹1,54,55,262, was executed across both the National Stock Exchange of India Ltd (NSE) and BSE Limited between July 24 and July 28, 2026. This disposal reduces Bansal’s total holding from 1,60,000 equity shares (1.01% of the company’s share capital) to 1,00,000 equity shares (0.63%).

The disclosure was made pursuant to Regulation 7(3) read with Regulation 6(2) of the SEBI (Prohibition of Insider Trading) Regulations, 2015. Shivalik Rasayan submitted Form-D to the stock exchanges, identifying Bansal as a connected person due to his role as a former director. The filing confirms that the value of the transaction excludes taxes, brokerage, and any other associated charges.

Transaction Details

The following table outlines the specifics of the share disposal by Sanjay Bansal:

Parul Choudhary, Company Secretary & Compliance Officer of Shivalik Rasayan, signed the intimation letter addressed to the exchanges. The document was digitally signed by Parul Arora on July 28, 2026, at 16:06:06 +05'30'. The company’s registered office is located in Kolhupani, Dehradun, while its corporate office is based in New Delhi.

Regulatory Compliance

Shivalik Rasayan requested the exchanges to treat the intimation as compliance with Regulation 7(3) of the SEBI (Prohibition of Insider Trading) Regulations, 2015. The filing explicitly states that no derivatives were traded by the connected person during this period. The ISIN for the company’s equity shares is INE788J01021. The disclosure ensures transparency regarding insider trading activities involving connected persons as mandated by securities regulations.