Promoter Amit Mahendra Sanghvi has submitted a revised disclosure to BSE Limited regarding his recent share disposal in Shaily Engineering Plastics Limited . The revision, dated December 16, 2025, addresses discrepancies identified by the exchange's listing compliance team regarding the mode of disposal for his earlier transaction.

Disclosure Correction Details

Sanghvi had originally submitted a disclosure on November 15, 2025, under Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, following his disposal of 1,00,000 equity shares. However, BSE's listing compliance team identified that the mode of acquisition/sale was not properly specified in the original filing.

Transaction Specifics

The revised disclosure confirms that the disposal of 1,00,000 shares was conducted through open market sale on November 4, 2025. This transaction resulted in a reduction of Sanghvi's shareholding from 2.84% to 2.62% of the company's total share capital.

Shareholding Structure Impact

The disposal represents a minor adjustment in the promoter's stake, with Sanghvi maintaining his position as a significant stakeholder in the company. The total equity share capital of Shaily Engineering Plastics remains at ₹9.19 crores, comprising 4,59,55,093 equity shares of ₹2 each.

Regulatory Compliance

The submission of the revised disclosure demonstrates adherence to regulatory requirements under SEBI's substantial acquisition and takeover regulations. The correction ensures complete transparency regarding the nature of the share disposal transaction, providing clarity to market participants and regulatory authorities.

This administrative correction maintains the accuracy of corporate disclosures while ensuring compliance with exchange listing requirements and SEBI regulations governing substantial shareholding changes.

Institutional Investors Make Strategic Moves in Shaily Engineering

Shaily Engineering Plastics Ltd has seen significant investments from Morgan Stanley and Motilal Oswal through block deals, while promoters have reduced their stakes. This development has caught the attention of market watchers, given the company's recent strong performance and regulatory compliance activities.

Block Deal Details

Regulatory Disclosure Update

Promoter Laxman Sanghvi has filed a revised disclosure with BSE Limited under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The correction was made following BSE's request for clarification regarding the mode of disposal.

Company Performance

Shaily Engineering has been delivering impressive returns to its shareholders:

• Stock Performance: 147% returns over the past year
• Q2 Financial Highlights:
  • Net Profit: ₹51.00 crore (134% year-on-year increase)
  • Revenue: ₹259.00 crore (34% year-on-year growth)

The recent block deals have seen institutional investors acquiring stakes while promoters reduced their holdings. This movement of shares from promoters to institutional investors may indicate a shift in the company's ownership structure.

Morgan Stanley's acquisition of shares worth ₹10.34 crore and Motilal Oswal's purchase of ₹12.93 crore worth of shares suggest confidence in the company's prospects. The regulatory disclosure filed by Laxman Sanghvi demonstrates the company's commitment to compliance with SEBI regulations regarding substantial shareholding changes.

Investors and market analysts may want to keep a close eye on Shaily Engineering's future performance and any potential changes in business strategy that might follow this shift in shareholding pattern.