Shreyas R. Virani Reduces Stake in SAR Auto Products Ltd. Through Open Market Transactions
SAR Auto Products Ltd. announced that Mr. Shreyas R. Virani, a promoter of the company, has reduced his stake through open market transactions on March 19 and 20, 2026. The disclosures were made in accordance with Regulation 29(2) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeover) Regulations, 2011.Mr. Virani, along with Persons Acting in Concert (PAC) including Mr. Rameshbhai D. Virani, Mrs. Rajeshree R. Virani, and Ms. Urvi S. Virani, acted as the seller in these transactions.
Details of the Transactions
The following table summarizes the changes in holding:
Changes in Holding
| Detail | Before Acquisition/Sale | After Acquisition/Sale |
|---|---|---|
| Total Shares Carrying Voting Rights (Mr. Shreyas R. Virani & PAC) | 36,66,315.54 | 34,15,2041 |
| Shares Carrying Voting Rights Sold | 2,51,100 | 0 |
| Total Diluted Share/Voting Capital | ₹47,64,7400 | ₹41,64,7400 |
Mr. Virani sold 490 equity shares on March 19, 2026, and an additional 1,510 equity shares on March 20, 2026, through open market transactions.
The total equity share capital of SAR Auto Products Ltd. stood at ₹47,64,7400, comprised of 47,64,740 equity shares of ₹10 each, before the sale. Following the transactions, the equity share capital remains at ₹41,64,7400, with 47,64,740 equity shares of ₹10 each.
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