IOL Chemicals and Pharmaceuticals Receives Disclosure of Securities Holding Change from Promoter Group Entity
IOL Chemicals and Pharmaceuticals Limited announced that it received a disclosure from Mayadevi Polycot Limited, a promoter group entity, regarding changes in securities holdings. The disclosure was made in compliance with Regulation 7(2) of the SEBI (Prohibition of Insider Trading) Regulations, 2015.According to the disclosure, Mayadevi Polycot Limited held 6,32,37,010 equity shares, representing 21.54% of the company, prior to the acquisition. Following a purchase, the entity now holds 6,38,91,133 equity shares, equating to 21.76% of the company. The transaction occurred on March 17, 2026, with a value of 4,47,17,289.
The disclosure further detailed that the acquisition was made on the market.
Mayadevi Polycot Limited is identified as a Promoter Group entity with a registered address at 86 Industrial Area A Ludhiana.
No details regarding trading in derivatives were provided.
Varinder Gupta, Director of Mayadevi Polycot Limited, signed the disclosure document on March 18, 2026, in Ludhiana.
Source:
Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
The information provided is for general informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any securities. Readers are advised to rely on their own assessment and judgment and consult appropriate financial advisers, if required, before taking any investment-related decisions.