Shivalik Rasayan disclosed that former director Sanjay Bansal sold 25,000 equity shares on August 21, 2026. The transaction valued at ₹68.3 lakh reduced his holding to 0.16%.

The company filed the intimation with stock exchanges on August 24, 2026, complying with Regulation 7(3) of the SEBI (Prohibition of Insider Trading) Regulations, 2015. Bansal, identified as a connected person, executed the sale on market.

Transaction Details

Bansal held 50,000 equity shares, representing 0.32% of the company’s shareholding, prior to the disposal. He sold 25,000 shares for a total value of ₹68,31,455. This figure excludes taxes, brokerage, and other charges.

Following the sale, Bansal retains 25,000 equity shares, accounting for 0.16% of the total shareholding. The company received intimation of the trade on August 24, 2026.

What the Numbers Show

The sale represents a 50% reduction in Bansal’s total holding of Shivalik Rasayan shares. With no derivative positions disclosed in the filing, the transaction reflects a straightforward exit from half of his equity stake.

Shivalik Rasayan Limited shareholders approved two special resolutions regarding capital raising measures at its Extra-Ordinary General Meeting (EGM) held on August 20, 2026. The resolutions authorize the preferential issuance of equity shares and fully convertible warrants.

The meeting took place at Hotel Saffron Leaf in Dehradun, Uttarakhand. Chairman Rahul Bishnoi presided over the proceedings, which included an address on the industry’s economic outlook and the company’s performance challenges. The requisite quorum was present, allowing the meeting to proceed from 1:00 pm to 2:05 pm. A total of 14,456 shareholders were on record as of July 21, 2026, with 133 shareholders (one from the promoter group and 132 from the public) participating in the voting process either in person or through proxy.

Resolutions Considered

Shareholders voted on two special resolutions concerning capital raising measures. Remote e-voting was available from August 17, 2026, at 9:00 am until August 19, 2026, at 5:00 pm.

Voting Results

The consolidated voting results, combining remote e-voting and votes cast during the EGM, show strong support for both resolutions. Mr. Manoj Kumar Jain of M/s. AMJ & Associates served as the scrutinizer for the e-voting process. The company disclosed that promoters were not interested in the first resolution but were interested in the second resolution regarding warrants.

Resolution 1: Equity Share Issuance

The resolution to issue up to 3,72,000 equity shares to public category entities was passed with a majority of 99.9989% of valid votes polled among non-institutional public shareholders. Promoters held 74,61,677 shares and voted 100% in favor. Among non-institutional public shareholders, who held 82,88,688 shares, 99.9933% voted in favor, with only 93 votes cast against. No institutional public shareholders participated in the voting.

Resolution 2: Warrant Issuance

The resolution to issue up to 9,48,000 fully convertible warrants was also passed with overwhelming support, securing 99.9997% of valid votes polled among non-institutional public shareholders. Promoters again voted unanimously in favor. Non-institutional public shareholders voted 99.9980% in favor, with only 28 votes against.

Meeting Proceedings

Key managerial personnel in attendance included Managing Director Dr. Vimal Kumar Shrawat, Vice-Chairman Mr. Suresh Kumar Singh, Independent Director Mr. Sham Goel, Chief Financial Officer Mr. Vinod Kumar, and Company Secretary Ms. Parul Choudhary. Members were invited to raise queries regarding operations and financial performance, which the Chairman addressed.