Swarna Malhotra has filed a disclosure with BSE Limited regarding the acquisition of equity shares in Sunshield Chemicals Limited . The filing was made under Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeover) Regulations, 2011. The acquisition involved 457 shares purchased via the open market on May 20 and May 21, 2026.

The disclosure details the shareholding pattern of the acquirer and Persons Acting in Concert (PAC), which includes Indus Petrochem Limited, Coppersmith Energies and Project Private Limited, Sudhir Malhotra, and Jeet Malhotra. The acquirer belongs to the promoter group of the target company. The total equity share capital and total voting capital of the company before and after the acquisition remain unchanged at Rs. 8,79,48,360.

Shareholding Details

The table below outlines the holdings of the acquirer and PACs before and after the recent transaction.

Transaction Summary

The acquisition resulted in a marginal increase in the total shares held by the promoter group. Prior to the acquisition, the group held 58,51,733 shares, which increased to 58,52,190 shares post-acquisition. The percentage of shareholding with respect to the total share capital and total diluted share capital remained constant at 66.54%. There were no changes in holdings involving warrants, convertible securities, or shares under encumbrance.

Sunshield Chemicals Limited reported its audited financial results for the quarter and year ended March 31, 2026, demonstrating significant growth in profitability. The company's net profit for the fourth quarter rose by 85.71% to ₹1,064 lakh, compared to ₹574 lakh in the corresponding period of the previous year. For the full fiscal year, the net profit more than doubled to ₹2,958 lakh from ₹1,457 lakh in the prior year. The results were reviewed by the Audit Committee and subsequently approved by the Board of Directors at its meeting held on May 13, 2026, with the statutory auditors issuing an unmodified opinion. The company also published an extract of these financial results as a newspaper advertisement in Financial Express (English) and Mumbai Lakshadeep (Marathi), in compliance with SEBI Listing Obligations and Disclosure Requirements (LODR) Regulations.

Financial Performance

Revenue from operations for the quarter stood at ₹11,007 lakh, a slight decrease from ₹11,124 lakh in the same quarter last year. However, the annual revenue showed robust growth, increasing to ₹44,398 lakh for the year ended March 31, 2026, up from ₹36,894 lakh in the previous year. The profit before tax for the quarter was ₹1,411 lakh, while for the full year, it stood at ₹3,954 lakh, compared to ₹1,804 lakh in the prior year. The company's earnings per share (EPS) for the full year improved significantly to ₹37.15 from ₹19.61 in the previous year, while the quarterly EPS stood at ₹12.12. The following table summarises the key financial metrics across reporting periods:

Dividend and Corporate Actions

The Board of Directors has recommended a final dividend of ₹3 per equity share of the face value of ₹10 each for the financial year ended March 31, 2026. The total dividend payout amounts to ₹263.85 lakh and is subject to the approval of shareholders at the ensuing 39th Annual General Meeting. Additionally, the Board approved the reappointment of Mr. Cyrus Poonevala as an Independent Director for a second term of five years, effective from January 15, 2027, subject to shareholder approval. The company also completed a Rights Issue during the year, issuing 14,41,776 equity shares at a price of ₹901 per share, aggregating to ₹12,990.40 lakhs, with proceeds utilised for debt repayment and general corporate purposes.