Omnitex Industries Promoter Ashok Metharam Bhawnani Reduces Stake Through Open Market Sale

Omnitex Industries (India) Limited promoter Ashok Metharam Bhawnani has disclosed a minor adjustment in his shareholding through open market transactions. The disclosure, filed under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, reveals a small reduction in the promoter's stake in the textile company.

Transaction Details

The shareholding adjustment involved the sale of 500 equity shares through open market transactions on December 10, 2025. The following table summarizes the key transaction parameters:

Parameter:	Details
Transaction Date:	December 10, 2025
Mode of Transaction:	Open Market
Shares Sold:	500 shares
Percentage of Total Capital:	0.01%
Acquirer Category:	Promoter Group

Shareholding Pattern Changes

The transaction resulted in a marginal change in Bhawnani's shareholding in Omnitex Industries. The comparative shareholding pattern before and after the transaction shows:

Holding Period:	Number of Shares	Percentage Holding
Before Transaction:	924,380 shares	21.98%
After Transaction:	923,880 shares	21.97%
Change:	-500 shares	-0.01%

Company Capital Structure

Omnitex Industries maintains a stable capital structure with no changes resulting from this promoter transaction. The company's equity share capital remains unchanged at 4,204,100 equity shares of ₹10.00 each both before and after the transaction. The total diluted share capital also remains at the same level, indicating no impact from convertible securities or warrants.

Regulatory Compliance

The disclosure demonstrates adherence to SEBI regulations governing substantial acquisition and disposal of shares. As a promoter group member, Bhawnani is required to disclose any changes in shareholding, regardless of the transaction size. The filing was completed on December 11, 2025, one day after the transaction date, ensuring timely regulatory compliance.

This minor adjustment in promoter shareholding reflects routine portfolio management activities and maintains the promoter group's significant stake in the textile company. The transaction was executed on BSE Limited, where Omnitex Industries shares are listed for trading.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+4.09%	+0.35%	-6.71%	+45.20%	+96.22%	+2,065.99%

Omnitex Industries India has received formal approval from BSE Limited for the reclassification of four promoters from the 'Promoter/Promoter Group' category to the 'Public' category under Regulation 31A of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

BSE Approval Process Completed

The company received a no-objection certificate from BSE Limited on December 18, 2025, following its application submitted on November 7, 2025. The approval covers the reclassification of four individuals who will transition from promoter status to public shareholders.

Reclassified Promoters:	Details
Narendra Dalmia:	Individual promoter
Manorma Dalmia:	Individual promoter
Sangeeta Dalmia:	Individual promoter
Gautam Narendra Dalmia:	18,980 shares (0.45%)

Remaining Promoter Structure

Following the reclassification, the promoter group will consist of four entities that retain their promoter status:

Remaining Promoters:	Category
Ashok Metharam Bhawnani:	Individual promoter
Gul Ramesh and Advani:	Individual promoter
Sun-n-sand Investments and Finance Co. Private Limited:	Corporate promoter
Sun-n-sand Hotel Private Limited:	Corporate promoter

Impact on Shareholding Pattern

The reclassification will result in a significant change to the company's shareholding structure, with promoter holding decreasing and public holding increasing accordingly.

Shareholding Category:	Pre-Reclassification (%)	Post-Reclassification (%)
Promoter Holding:	42.53%	38.08%
Public Holding:	57.47%	61.92%

Regulatory Compliance

The company has fulfilled the regulatory requirements under Regulation 31A of SEBI LODR Regulations, 2015. BSE Limited has emphasized that the company must ensure compliance with subsequent relevant disclosures of material events related to this reclassification in accordance with applicable provisions.

The approval marks the completion of a regulatory process that began with the initial reclassification request, demonstrating the company's commitment to maintaining transparent shareholding structures and regulatory compliance.