Chembond Material Technologies Limited , a key player in the Indian chemical industry, has reported a notable change in its promoter shareholding. Sameer Vinod Shah, the Chairman & Managing Director and a promoter of the company, has increased his stake through a recent market transaction.

Transaction Details

Shareholding Impact

The acquisition has resulted in a marginal increase of 0.05% in Sameer Vinod Shah's shareholding in the company.

Company Share Capital

Chembond Material Technologies Limited's total equity share capital stands at Rs. 6,72,41,440, comprising 1,34,48,288 shares with a face value of Rs. 5 each.

Regulatory Compliance

This transaction was disclosed in compliance with the Securities and Exchange Board of India (SEBI) regulations for substantial acquisition of shares and takeovers. The company duly informed both the BSE Limited and the National Stock Exchange of India Limited about this change in promoter shareholding.

The move by the promoter to increase his stake may be viewed as a sign of confidence in the company's future prospects. However, investors are advised to conduct their own research and consider various factors before making investment decisions based on such promoter actions.

Chembond Material Technologies Limited , a key player in the specialty chemicals sector, witnessed a significant change in its promoter shareholding. Nirmal V. Shah, a promoter of the company, received a substantial gift of equity shares from immediate family members, strengthening his position within the organization.

Transaction Details

The off-market transaction involved the transfer of 124,700 equity shares to Nirmal V. Shah from three family members:

This gift transaction, conducted without any monetary consideration, has resulted in a notable increase in Nirmal V. Shah's shareholding in Chembond Material Technologies Limited.

Impact on Shareholding

Following the share transfer, Nirmal V. Shah's stake in the company has seen a significant boost:

• Before Transaction: 1,795,190 shares (13.35% of total voting capital)
• After Transaction: 1,919,890 shares (14.28% of total voting capital)

The increase of 0.93 percentage points in Shah's ownership underscores the family's continued commitment to the company.

Company Overview

Chembond Material Technologies Limited, formerly known as Chembond Chemicals Limited, maintains its equity share capital at Rs. 67,241,440, comprising 13,448,288 shares of Rs. 5 each.

Regulatory Compliance

In adherence to regulatory requirements, the company has duly filed the necessary disclosures under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. This transparency ensures that all stakeholders are informed about significant changes in promoter shareholding.

The gift transaction and subsequent increase in Nirmal V. Shah's stake may be viewed as a positive signal by the market, potentially indicating the promoter group's confidence in the company's future prospects. However, investors are advised to conduct their own analysis and consider multiple factors when making investment decisions.