News Orders & Deals Sunshield Chemicals: Swarna Malhotra Acquires Additional Shares Under SEBI Regulation 29Sunshield Chemicals: Swarna Malhotra Acquires Additional Shares Under SEBI Regulation 29
Mrs. Swarna Malhotra acquired 113 equity shares of Sunshield Chemicals Limited through open market purchase on February 20, 2026, as disclosed under SEBI Regulation 29(2). The acquisition increased her individual holding from 49,307 to 49,420 shares while maintaining her percentage at 0.56%. Combined with her Persons Acting in Concert including Indus Petrochem Limited, Coppersmith Energies and Project Private Limited, and Sudhir Malhotra, the promoter group's total holding remains at 66.09% of the company's equity share capital of Rs. 8,79,48,360.
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Mrs. Swarna Malhotra has acquired additional equity shares in Sunshield Chemicals Limited, as disclosed in a regulatory filing under SEBI takeover regulations. The transaction involved the purchase of 113 equity shares through open market operations on February 20, 2026.
Acquisition Details
The disclosure filed under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 provides comprehensive details of the share acquisition:
| Parameter | Details |
|---|---|
| Acquirer | Mrs. Swarna Malhotra |
| Shares Acquired | 113 equity shares |
| Acquisition Date | February 20, 2026 |
| Mode of Acquisition | Open Market |
| Promoter Status | Yes |
Shareholding Pattern Before and After Acquisition
The filing reveals the detailed shareholding structure of Mrs. Malhotra and her Persons Acting in Concert (PAC) before and after the transaction:
Before Acquisition:
| Entity | Number of Shares | Percentage |
|---|---|---|
| Swarna Malhotra | 49,307 | 0.56% |
| Indus Petrochem Limited | 54,84,493 | 62.36% |
| Coppersmith Energies and Project Private Limited | 2,77,973 | 3.16% |
| Sudhir Malhotra | 837 | 0.01% |
| Total Group Holding | 58,12,610 | 66.09% |
After Acquisition:
| Entity | Number of Shares | Percentage |
|---|---|---|
| Swarna Malhotra | 49,420 | 0.56% |
| Indus Petrochem Limited | 54,84,493 | 62.36% |
| Coppersmith Energies and Project Private Limited | 2,77,973 | 3.16% |
| Sudhir Malhotra | 837 | 0.01% |
| Total Group Holding | 58,12,723 | 66.09% |
Persons Acting in Concert
The disclosure identifies the following entities as Persons Acting in Concert with Mrs. Swarna Malhotra:
- Indus Petrochem Limited
- Coppersmith Energies and Project Private Limited
- Sudhir Malhotra
The group collectively belongs to the promoter category and maintains significant control over Sunshield Chemicals Limited.
Company Share Capital
The equity share capital of Sunshield Chemicals Limited remains unchanged at Rs. 8,79,48,360 both before and after this acquisition. The company's shares are listed on BSE Limited with scrip code 530845.
Regulatory Compliance
The acquisition has been properly disclosed in accordance with SEBI regulations, with Mrs. Malhotra filing the required documentation on February 21, 2026. The disclosure confirms that no encumbrances, warrants, or convertible securities were involved in this transaction, and no voting rights were acquired through instruments other than equity shares.
Historical Stock Returns for Sunshield Chemicals
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +1.91% | +3.24% | +2.01% | -11.24% | +14.91% | +292.93% |
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