Shubham Polyspin Limited has received a regulatory disclosure from promoter Akshay Anil Somani regarding the reduction of his shareholding in the company. The transaction involved the sale of equity shares through open market operations conducted on March 30, 2026.

Transaction Details

The disclosure filed under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, reveals that Akshay Anil Somani disposed of 40,246 equity shares through open market sale on March 30, 2026.

Shareholding Structure

Prior to this transaction, Akshay Anil Somani held 15,51,000 equity shares, representing 12.79% of the total share capital and voting rights. The sale of 40,246 shares reduced his holding to 15,10,754 equity shares, equivalent to 12.46% of the company's equity share capital.

Company Share Capital

Shubham Polyspin Limited's total equity share capital remains unchanged at 1,21,22,000 equity shares both before and after the transaction. The company's shares are listed on BSE Limited under the code 542019.

Promoter Group Holdings

According to the disclosure, following this share sale, the combined promoter and promoter group shareholding in Shubham Polyspin Limited stands at 82,49,352 equity shares, representing 68.05% of the total voting rights in the company.

Regulatory Compliance

The disclosure was signed digitally by Akshay Anil Somani in his capacity as promoter and filed from Ahmedabad on April 1, 2026. The transaction represents a routine compliance filing under SEBI regulations for substantial shareholding changes by promoters and persons acting in concert.

Shubham Polyspin Limited has announced the incorporation of a joint venture company to expand its operations into the polypropylene fiber manufacturing segment. The company informed BSE Limited on January 20, 2026, about this strategic business development under regulatory compliance requirements.

Joint Venture Structure and Partnership

The newly formed joint venture, Shubham Lahuman Fibers (I) Private Limited, represents a strategic partnership between Shubham Polyspin Limited and EMCM ADMINISTRACAO DE BENS LTDA. The partnership follows an equal shareholding structure with specific financial commitments from both parties.

Financial Investment and Share Acquisition

Shubham Polyspin Limited has completed its initial investment in the joint venture through equity share subscription. The company acquired its stake through cash consideration at face value pricing.

EMCM will acquire its corresponding 50% stake in the joint venture company in due course, maintaining the equal partnership structure. The transaction is conducted on an arm's length basis with shares acquired at face value.

Business Objectives and Strategic Impact

The joint venture enables Shubham Polyspin Limited to diversify its product portfolio while remaining within its core competency area. The company identified several strategic benefits from this partnership:

• Extension of business activities into micro and macro fiber segments
• Establishment of footprints in the specialized fiber manufacturing market
• Alignment with the company's main line of business operations
• Enhanced manufacturing and distribution capabilities for polypropylene-based products

Regulatory Compliance and Related Party Considerations

The joint venture formation constitutes a related party transaction for Shubham Polyspin Limited due to its 50% shareholding in the new entity. However, the company clarified that promoters, promoter groups, and group companies have no additional interest in the joint venture beyond this shareholding structure. The transaction requires no specific governmental or regulatory approvals beyond standard incorporation procedures.

The newly incorporated Shubham Lahuman Fibers (I) Private Limited is yet to commence its business operations, with activities expected to begin following completion of customary formalities and procedures. This strategic move positions Shubham Polyspin Limited to capitalize on opportunities in the specialized polypropylene fiber market while maintaining its focus on related manufacturing segments.