Sunshield Chemicals Ltd. Sees Acquisition of Shares by Swarna Malhotra and Concert Party
Sunshield Chemicals Limited announced that Swarna Malhotra, along with persons acting in concert (PAC), has acquired shares in the company. The disclosure, filed with the BSE Limited, details the acquisition under Regulation 29(2) of the Securities and Exchange Board of India (SEBI) Takeover Regulations, 2011.The acquirer, Swarna Malhotra, along with Indus Petrochem Limited, Coppersmith Energies and Project Private Limited, Sudhir Malhotra, and Jeet Malhotra, are identified as persons acting in concert. The group is categorized as a promoter group.
Prior to the acquisition, the group’s holding comprised 82,944 shares held by Swarna Malhotra, 54,84,493 shares held by Indus Petrochem Limited, 2,77,973 shares held by Coppersmith Energies and Project Private Limited, 837 shares held by Sudhir Malhotra, and 1505 shares held by Jeet Malhotra. This represented a combined 66.49% of the total share/voting capital and 66.49% of the total diluted share/voting capital.
The acquisition involved 2,400 shares acquired through open market transactions. Following the acquisition, Swarna Malhotra and the PACs now hold a total of 58,50,152 shares, representing 66.52% of the total share/voting capital and 66.52% of the total diluted share/voting capital.
The acquisition occurred on March 23, 2026. The total equity share capital/total voting capital of Sunshield Chemicals Limited is Rs. 8,79,48,360.
| Name of the Target Company (TC) | Sunshield Chemicals Limited |
|---|---|
| Name(s) of the acquirer and PACs | Swarna Malhotra, Indus Petrochem Limited, Coppersmith Energies and Project Private Limited, Sudhir Malhotra, Jeet Malhotra |
| Mode of acquisition | Open Market |
| Date of acquisition | March 23, 2026 |
| Equity share capital/total voting capital of the TC | Rs. 8,79,48,360 |
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