Promoter Group Reduces Holdings in Shubham Polyspin Ltd After Open Market Sales
Anil D. Somani and Ankit A. Somani, members of the promoter group, have undertaken open market sales of equity shares in Shubham Polyspin Limited. The transaction details show a reduction in their stake following the disposal of shares by both principals.Before the acquisition under consideration, Anil D. Somani and Ankit A. Somani held 62,91,998 shares carrying voting rights, which constituted 51.91% of the total diluted share capital of the company. Their holdings were recorded as part of their stake in Shubham Polyspin Limited, a company listed on BSE Limited.
Details regarding the holding and disposal before the open market sales are provided below:
| Metric | Shares Carrying Voting Rights | % w.r.t. Total Share/Voting Capital |
|---|---|---|
| Before Acquisition Holding | 62,91,998 | 51.91% |
| Total Entitlement (a+b+c+d) | 62,91,998 | 51.91% |
The disposal involved the sale of shares by the two promoters on different dates. Anil Somani sold 41,814 shares on June 8, 2026. Ankit Somani disposed of 25,000 shares on June 9, 2026. Additionally, the promoter group acquired 91,927 voting rights (VR) through warrants or convertible securities, representing 0.76% of the total diluted share capital.
The sale resulted in the post-acquisition holding of 62,00,071 shares carrying voting rights for the promoter group, corresponding to 51.15% of the company’s equity share capital. The mode of this acquisition was noted as an Open Market Sale on June 8, 2026 and June 9, 2026.
The total equity share capital of Shubham Polyspin Limited before the said acquisition stood at 1,21,22,000 Equity Shares. Following the open market sale, the overall promoter and promoter group shareholding in the target company is noted to be 81,57,425 equity shares carrying 67.29% voting rights.
Stock Price Movement
Shubham Polyspin Ltd finished trading on Wednesday, settling at ₹42.54 after shares declined by 4.98%. Throughout the session, the company's stock experienced volatility, moving between an intraday high of ₹46.39 and a low near ₹42.54.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.
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