Ushanti Colour Chem Promoter Files No-Encumbrance Declaration for FY Ended March 31, 2026
Maunal Shantilal Gandhi, Promoter of Ushanti Colour Chem Limited, has filed a declaration under Regulation 31(4) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, confirming no encumbrance on 76,25,100 equity shares held as on March 31, 2026. The declaration covers ten promoter and promoter group entities and has been submitted to the NSE Listing Department with a copy to the company's Audit Committee.
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Maunal Shantilal Gandhi, Promoter and representative of the Promoter Group of Ushanti Colour Chem Limited, has filed a formal declaration with the National Stock Exchange of India Limited, dated April 03, 2026. The declaration has been submitted pursuant to Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, as amended from time to time.
No Encumbrance on Promoter Holdings
In the declaration, Maunal Shantilal Gandhi confirmed that the promoter group held 76,25,100 equity shares of Ushanti Colour Chem Limited as on March 31, 2026. The declaration further states that neither the promoter nor persons acting in concert have created any encumbrance on the equity shares of the company, either directly or indirectly, during the financial year ended March 31, 2026.
Entities Covered Under the Declaration
The declaration has been submitted on behalf of ten entities, comprising both promoters and members of the promoter group. The following table details the entities covered:
| Entity/Person: | Category |
|---|---|
| Maunal Shantilal Gandhi | Promoter |
| Minku Shantilal Gandhi | Promoter |
| Shantilal Bhailalbhai Gandhi HUF | Promoter Group |
| Maunal Shantilal Gandhi HUF | Promoter Group |
| Minku Shantilal Gandhi HUF | Promoter Group |
| Mona Maunal Gandhi | Promoter Group |
| Shefali Minku Gandhi | Promoter Group |
| Shantilal Bhailal Gandhi | Promoter Group |
| Aadit Minku Gandhi | Promoter Group |
| Arjun Maunal Gandhi | Promoter Group |
Regulatory Compliance
The declaration has been addressed to the Manager, Listing Department, National Stock Exchange of India Limited, Mumbai, and a copy has been forwarded to the Audit Committee of Ushanti Colour Chem Limited at its registered office in GIDC Phase I, Vatva, Ahmedabad. The filing reflects the company's adherence to the disclosure obligations prescribed under the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.
Historical Stock Returns for Ushanti Colour Chem
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +2.00% | +10.32% | +47.99% | +182.77% | +160.09% | +305.44% |
Could the promoter group's clean encumbrance record signal potential plans for further equity acquisition or a buyback initiative in Ushanti Colour Chem?
How might Ushanti Colour Chem's high promoter holding of 76,25,100 shares impact institutional investor interest and stock liquidity going forward?
Are there any upcoming regulatory changes to SEBI's Takeover Regulations that could affect how promoter groups like Gandhi's disclose or manage their shareholdings?
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