United Shippers Limited has disposed of a significant portion of its stake in Kopran , selling 12,00,000 equity shares through the open market. The transaction, executed on September 7, 2026, reduced the promoter group’s holding in the specialty chemicals manufacturer.

The disposal was disclosed under Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. United Shippers, identified as part of the promoter group, filed the disclosure with stock exchanges on September 8, 2026.

Shareholding Changes

Prior to the sale, United Shippers held 22,00,000 shares in Kopran, representing 4.56% of the total voting capital. Following the off-market transaction, its holding dropped to 10,00,000 shares, or 2.07% of the equity share capital.

The total equity share capital of Kopran remained unchanged at 4,82,85,605 equity shares before and after the transaction. No warrants, convertible securities, or voting rights other than shares were involved in the deal.

Transaction Details

The sale was conducted entirely through the open market mechanism. United Shippers confirmed that there were no encumbrances, such as pledges or liens, on the shares prior to or following the disposal. The authorized signatory for the filing was Dheraj Jajwal.

Kopran Limited shareholders approved a final dividend of ₹3 per equity share of face value ₹10 each during the company's 67th annual general meeting held on August 18, 2026. The virtual meeting, conducted via video conferencing, also saw the re-appointment of director Varun Somani and the appointment of Namrata Somani to the board.

All five ordinary resolutions placed before the members were passed with overwhelming support. The promoter group, holding over 97% of the voting power, cast 100% of its votes in favor of every agenda item. Public non-institutional shareholders also backed the proposals, with approval rates exceeding 96% across all resolutions.

Key Resolutions Passed

The meeting addressed the following business items:

• Adoption of audited standalone financial statements for FY26
• Adoption of audited consolidated financial statements for FY26
• Declaration of final dividend for FY26
• Re-appointment of Varun Somani as director
• Appointment of Namrata Somani as director

The statutory auditors' report and secretarial audit report for FY26 were noted to be free of qualifications.

Voting Results

The combined results of remote e-voting and e-voting conducted during the meeting reflect strong shareholder alignment with management proposals. The promoter group participated fully in the voting process.

Smita Prabhu & Associates served as the scrutinizer for the meeting. The complete voting results and scrutinizer's report have been filed with the stock exchanges and are available on the company's website.