IT Village.com Private Limited Disposes Complete 4.86% Stake in Southern Latex Limited

1 min read Updated on 09 Mar 2026, 05:36 PM

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Riya DScanX News Team

Overview

IT Village.com Private Limited has completely exited its investment in Southern Latex Limited by disposing of all 3,58,037 shares representing 4.86% stake through open market transactions on March 6, 2026. The Chennai-based company, which belonged to the promoter group, reduced its shareholding to zero following this complete disposal. The transaction was disclosed under SEBI (SAST) Regulations with formal intimation submitted to BSE on March 9, 2026.

$34603594$

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IT Village.com Private Limited has announced the complete disposal of its shareholding in Southern Latex Limited through open market transactions, as disclosed under SEBI (SAST) Regulations.

Complete Stake Disposal Details

The Chennai-based IT Village.com Private Limited sold its entire holding of 3,58,037 shares in Southern Latex Limited on March 6, 2026. This transaction represents a complete exit from the company, with the shareholding reducing from 4.86% to zero.

Transaction Details:	Particulars
Shares Sold:	3,58,037
Percentage Disposed:	4.86%
Transaction Date:	March 6, 2026
Mode of Sale:	Open Market
Post-Transaction Holding:	0 shares (0%)

Shareholding Position

Prior to this transaction, IT Village.com Private Limited held 3,58,037 shares carrying voting rights, representing 4.86% of Southern Latex Limited's total share capital. The company belonged to the promoter/promoter group category of Southern Latex Limited.

Shareholding Summary:	Before Transaction	After Transaction
Number of Shares:	3,58,037	0
Voting Rights %:	4.86%	0%
Promoter Group Status:	Yes	No longer applicable

Regulatory Compliance

The disclosure was made pursuant to Regulation 29(2) of Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. IT Village.com Private Limited submitted the formal intimation to BSE Limited on March 9, 2026, three days after the transaction date.

Southern Latex Limited's total equity share capital remains unchanged at 7,35,92,000 shares before and after this transaction. The shares are listed on the Bombay Stock Exchange under scrip code 514454.

Klassic Industries Private Limited Increases Shareholding in Southern Latex Limited to 41.98%

1 min read Updated on 09 Mar 2026, 05:18 PM

Reviewed by

Naman SScanX News Team

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Overview

Klassic Industries Private Limited acquired 3,50,273 shares (4.75%) of Southern Latex Limited through open market purchase on March 6, 2026, increasing its total shareholding from 37.22% to 41.98%. The Chennai-based promoter company filed the mandatory SEBI disclosure on March 9, 2026, for the acquisition in the BSE-listed target company with equity capital of 73,59,2000 shares.

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Klassic Industries Private Limited has disclosed a significant increase in its shareholding in Southern Latex Limited through an open market acquisition. The Chennai-based company filed the mandatory disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, following the share purchase completed on March 6, 2026.

Acquisition Details

The transaction involved the purchase of 3,50,273 shares of Southern Latex Limited through open market operations. This acquisition represents 4.75% of the total share capital of the target company.

Parameter	Details
Shares Acquired	3,50,273
Acquisition Percentage	4.75%
Mode of Acquisition	Open Market
Date of Acquisition	March 6, 2026
Target Company	Southern Latex Limited

Shareholding Position

Following this acquisition, Klassic Industries' total shareholding in Southern Latex Limited has increased substantially. The company's stake has grown from 37.22% to 41.98% of the total voting capital.

Shareholding Details	Before Acquisition	After Acquisition
Number of Shares	27,39,404	30,89,677
Percentage Holding	37.22%	41.98%
Change	-	+4.75%

Regulatory Compliance

The disclosure was signed by Kuppaji Rao Bharath Rao, Director of Klassic Industries Private Limited (DIN: 08454124), and filed with BSE Limited on March 9, 2026. This filing ensures compliance with SEBI regulations governing substantial acquisition of shares and takeovers, which mandate disclosure when shareholding crosses certain thresholds.

Historical Stock Returns for Southern Latex