Chembond Chemicals Limited has announced the completion of its stake sale in associate company Rewasoft Solutions Private Limited, disclosing the transaction details under Regulation 30 of SEBI Listing Regulations. The company divested its entire shareholding in the associate company for a total consideration of ₹2.00 lakhs.

Transaction Details

The stake sale involved Chembond Chemicals' complete exit from Rewasoft Solutions Private Limited through the disposal of its 40% shareholding. The transaction specifics are outlined below:

Financial Impact and Contribution

Rewasoft Solutions' contribution to Chembond Chemicals' financials during FY 2024-25 was minimal. The associate company contributed ₹4.60 lakhs to the group's net worth, representing 0.026% of the total. No turnover contribution was recorded as Rewasoft was consolidated using the net equity method, under which associate company turnover is not consolidated.

Buyer Profile and Related Party Aspects

Mr. Mohit S. Shah, the purchaser of the entire 40% stake, does not belong to Chembond Chemicals' promoter, promoter group, or group companies. However, the transaction qualifies as a related party transaction since Mr. Shah is a relative of a promoter/director of Rewasoft Solutions Private Limited.

The company has confirmed that the transaction was conducted at arm's length, with the share value derived as per applicable law. This ensures compliance with related party transaction norms and maintains transparency in the disposal process.

Regulatory Compliance

The stake sale was executed outside any scheme of arrangement, with Chembond Chemicals fulfilling all disclosure requirements under SEBI regulations. The transaction does not involve any slump sale, amalgamation, or merger arrangements, simplifying the regulatory compliance process.

The completion of this divestment allows Chembond Chemicals to exit its associate company investment while maintaining full regulatory compliance and transparency in the disposal process.

Chembond Chemicals Limited has completed a significant inter-se transfer of equity shares among its promoters, with Managing Director Nirmal V. Shah receiving 29,39,017 equity shares from fellow promoter Sameer V. Shah. The transaction, executed on December 29, 2025, represents a substantial internal restructuring of shareholding within the company's promoter group.

Completed Share Transfer Details

The inter-se transfer involved 29,39,017 equity shares transferred from Sameer V. Shah to Nirmal V. Shah, both serving as Promoters and Directors of the company. Originally scheduled for December 26, 2025, the transfer was executed on December 29, 2025, through an off-market gift mechanism with no monetary consideration involved.

Updated Shareholding Position

Following the completed transfer, Nirmal V. Shah's shareholding in Chembond Chemicals Limited has increased significantly from 40,42,396 shares (15.03%) to 69,81,413 shares (25.96%). Conversely, Sameer V. Shah's holding has reduced from 33,27,674 shares (12.37%) to 3,88,657 shares (1.44%).

Regulatory Compliance and Disclosure

The completed share transfer was disclosed in accordance with SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The transaction falls under Regulation 10(1)(a)(i) of the Takeover Regulations, which provides exemption for inter-se transfers among promoters and immediate relatives. Additionally, Nirmal V. Shah has submitted disclosures under Regulation 29(2) of SEBI (SAST) Regulations, 2011, confirming the receipt of shares through gift transaction.

Recent Promoter Activity

This major transfer follows other recent share acquisition activities by Nirmal V. Shah, including receiving 3,77,440 equity shares as a gift from Sameer V. Shah on December 15, 2025, and open market purchases of 5,084 shares on December 9, 2025, and 3,000 shares on December 1, 2025.

Company Information

Chembond Chemicals Limited operates from its registered office at EL 37, Mahape MIDC, Navi Mumbai 400710. The company maintains its listing status on both BSE Limited (Scrip Code: 544450) and National Stock Exchange (Scrip Code: CHEMBONDCH). The company's equity share capital stands at ₹13.45 crores comprising 2,68,96,576 shares of ₹5.00 each.