Shilchar Technologies Promoter Reduces Stake by 1.02% in Open Market Transaction

Shilchar Technologies Limited , a company listed on the BSE, has reported a significant change in its promoter shareholding. Alay Jitendra Shah, a promoter of the company, has reduced his stake through an open market transaction.

Transaction Details

Aspect	Before Sale	After Sale	Change
Shares Held	2,926,548	2,809,548	-117,000
Shareholding Percentage	25.58%	24.56%	-1.02%

The transaction involved the sale of 117,000 equity shares, representing approximately 1.02% of the company's total equity share capital.

Impact on Promoter Holding

Following this sale, Alay Jitendra Shah's shareholding in Shilchar Technologies Limited has decreased from 25.58% to 24.56%. This reduction in stake, while notable, still leaves Shah with a substantial holding in the company.

Company Overview

Shilchar Technologies Limited's total equity share capital remains unchanged at 11,440,200 shares. The company's shares are listed on the BSE Limited.

Regulatory Compliance

In compliance with SEBI regulations, specifically Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeover) Regulations, 2011, Alay Jitendra Shah has disclosed this transaction to the company and the stock exchange. The disclosure was made adhering to the regulatory requirements for prompt reporting of significant changes in promoter shareholding.

This transaction highlights the dynamic nature of promoter holdings in listed companies and underscores the importance of transparency in the Indian stock market.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+0.45%	-2.85%	-10.93%	-6.78%	-7.65%	+7,716.79%

Shilchar Technologies Limited , a key player in the electrical equipment sector, has reported a strong financial performance for the second quarter of fiscal year 2026. The company's results showcase significant growth across key financial metrics, indicating robust business momentum.

Financial Highlights

Metric	Q2 FY2026	YoY Change
Revenue	₹171.00 crore	31.00%
EBITDA	₹53.60 crore	-
EBITDA Margin	31.30%	-
Net Profit	₹45.94 crore	40.00%

Shilchar Technologies has demonstrated remarkable year-over-year growth, with its revenue increasing by 31% to ₹171.00 crore in Q2 FY2026. The company's net profit surged by 40% to ₹45.94 crore, underscoring its operational efficiency and market strength.

The EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) stood at ₹53.60 crore, with a healthy EBITDA margin of 31.30%.

Half-Year Performance

For the first half of FY2026, Shilchar Technologies reported even stronger growth:

Revenue increased by 39% to ₹330.00 crore
Profit After Tax (PAT) grew by 54% to ₹87.43 crore

Capacity Expansion

Shilchar Technologies announced its largest capacity expansion project to date. The company plans to:

Add 6,500 MVA to its production capacity
Reach a total capacity of 14,000 MVA by April 2027
Fund the expansion through internal accruals
Invest ₹90.00 crore in capital expenditure for this project

Market Outlook

The management cited strong momentum in domestic power and renewable energy sectors as key drivers of growth. Notably, India added 21.7 GW of solar capacity during H1FY26, indicating a favorable market environment for Shilchar Technologies' products.

Financial Position

Shilchar Technologies maintains a debt-free balance sheet, highlighting its strong financial position. The company expects an order pipeline of ₹750.00-800.00 crore for FY26, suggesting continued growth prospects.

The robust financial performance and strategic expansion plans of Shilchar Technologies in Q2 FY2026 reflect the company's strong market position and effective business strategies. As the electrical equipment sector continues to evolve, particularly in the renewable energy space, Shilchar Technologies' growth trajectory will be of interest to investors and industry observers alike.