SAR Auto Products Ltd. Announces Sale of Equity Shares by Promoter
SAR Auto Products Ltd. announced that Mr. Shreyas R. Virani, a promoter of the company, sold equity shares on March 17 and 18, 2026. The announcement was made according to Regulation 29(2) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeover) Regulations, 2011.Mr. Virani, along with other persons acting in concert including Mr. Rameshbhai Dvirani, Mrs. Rajeshree R Virani, and Ms. Urvi S Virad, disposed of shares.
Prior to the sale, Mr. Virani held 318,770 shares, representing 27.68% of the total diluted share/voting capital. The persons acting in concert held a combined total of 551,791 shares, representing 18.31%.
The details of the share disposal are summarized in the following table:
| Detail | Mr. Shreyas R. Virani | Persons Acting in Concert |
|---|---|---|
| Number of Shares Before Sale | 318,770 | 551,791 |
| % w.r.t. Total Diluted Share/Voting Capital | 27.68% | 18.31% |
| Number of Shares Sold | 1,700 | N/A |
| % w.r.t. Total Diluted Share/Voting Capital | 0.01% | N/A |
Following the sale, Mr. Virani holds 314,900 shares, representing 1.60% of the total diluted share/voting capital.
The total equity share capital of the company is Rs. 476,474,000, comprising 4,764,740 equity shares of Rs. 10 each. Following the sale, the equity share capital remains at Rs. 476,414,000, comprising 4,764,740 equity shares of Rs. 10 each. The mode of disposal was through open market transactions.
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