In a significant development for Indian Link Chain Manufactures , Vishal Thakkar, the company's Promoter and Managing Director, has divested his entire shareholding. This move marks a notable change in the ownership structure of the Mumbai-based company.

Details of the Share Sale

According to the company's filing with the BSE, Thakkar has sold his complete stake of 276,990 equity shares through multiple transactions. The final transaction, which completed the divestment, involved the sale of 150,242 shares on November 4, 2025.

Regulatory Compliance

Indian Link Chain Manufactures has confirmed that these transactions have been duly reported in compliance with the following regulations:

1. SEBI (Prohibition of Insider Trading) Regulations, 2015
2. SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011

The company made this disclosure in adherence to Regulation 30(1) read with Schedule III, Part A, Para C of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Company Background

Indian Link Chain Manufactures, with its registered office in Ghatkopar West, Mumbai, is listed on the BSE with the scrip code 504746. The company's CIN is L47211MH1956PLC009882.

This development represents a significant shift in the company's ownership structure. Stakeholders and market observers will likely be keen to see how this change might influence the company's future direction and operations.

As of now, the company has not provided any additional information regarding the reasons for the share sale or any potential changes in management structure following Thakkar's exit. Investors and stakeholders are advised to keep an eye on further announcements from the company for more insights into this development.

Indian Link Chain Manufactures has witnessed a significant change in its shareholding structure, with promoter Vishal Pravin Thakkar substantially reducing his stake in the company through a series of open market transactions.

Promoter Stake Reduction

Vishal Pravin Thakkar, a promoter of Indian Link Chain Manufacturers Limited, has sold 1,26,748 equity shares through open market transactions, primarily on October 30-31, 2025. This sale has resulted in a substantial decrease in his shareholding from 55.39% to 5.62% of the total share capital.

Share Capital Expansion and Warrant Issue

The company's equity share capital expanded from INR 50 lakh to INR 2.67 crore following allotments to non-promoters in September 2025. Additionally, the company issued 53 lakh convertible warrants, bringing the total diluted share capital to INR 7.97 crore.

Detailed Breakdown of Share Sales

The promoter conducted multiple smaller sales throughout September and October 2025 as part of this disposal process. Here's a detailed breakdown of the significant transactions:

Impact on Shareholding Structure

The series of transactions has dramatically altered the company's shareholding structure:

• Initial Promoter Holding: 55.39% (2,76,990 shares)
• Final Promoter Holding: 5.62% (1,50,242 shares)
• Total Shares Sold: 1,26,748

Regulatory Compliance

These transactions were reported in compliance with Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The disclosures were made to the BSE, where the company's shares are listed.

Conclusion

This significant reduction in promoter stake could potentially impact the company's governance and future strategic decisions. Investors and market watchers may keep a close eye on any further developments or changes in the company's ownership structure.