Kotyark Industries promoter Bhaviniben Gaurang Shah sells 9,500 shares (0.09%)

What Kotyark Industries announced

Kotyark Industries Ltd filed a disclosure under Regulation 29(2) of the SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011. The filing, submitted on 22 June 2026, records an open‑market disposal of equity shares by promoter‑group member Mrs. Bhaviniben Gaurang Shah. The transaction took place on 18 June 2026 and involved the sale of 9,500 shares of Rs 10 each, representing 0.09% of the company’s total voting capital.

Details of the share disposal

The filing provides a clear before‑and‑after snapshot of the promoter group’s shareholding. Prior to the sale, Mrs. Shah held 5,95,120 shares, amounting to 5.79% of the voting capital. After disposing 9,500 shares, her holding decreased to 5,85,620 shares, or 5.70% of voting rights. The overall promoter‑group stake, which includes Mr. Gaurang Rameshchandra Shah, other family members, and several related entities, remained unchanged at 57.65% (59,26,255 shares). The transaction was executed through the open market and no encumbrances, warrants, or convertible securities were involved.

Persons Acting in Concert (PACs)

The regulator requires identification of any Persons Acting in Concert (PACs) with the acquirer or seller. The filing lists 18 PACs linked to the Shah family and associated entities, including:

• Mr. Gaurang Rameshchandra Shah (holding 51,66,135 shares, 50.26% of voting capital)
• Mr. Brijkumar Gaurang Shah (97,500 shares, 0.95%)
• Mr. Vandan Gaurang Shah (67,500 shares, 0.66%)
• Various family members such as Ms. Hemaben Pratikbhai Bakshi, Ms. Ketkiben Ajaykumar Shah, and others who currently hold no voting shares.
• Corporate PACs like Kotyark Agro Private Limited, Kotyark Bio Specialities Limited, Semani Industries Limited, Khadayata Industries Limited, Kotyark Proteins Private Limited, Asia Bio Fuels LLP, and Parth Renewable Energy LLP, each holding zero voting shares at the time of filing. These disclosures confirm that the transaction was undertaken by a promoter‑group member acting in concert with a broader family and corporate network.

Key facts at a glance

Why this matters for investors

The filing is a compliance requirement under SEBI’s takeover code, ensuring transparency when promoters alter their shareholdings. The modest disposal of 9,500 shares does not materially affect Kotyark Industries’ control structure; the promoter group continues to own more than half of the voting rights. However, the reduction in Mrs. Shah’s individual stake may be of interest to investors monitoring promoter concentration and potential future divestments. The disclosure also lists all PACs, confirming that no hidden alliances or undisclosed holdings exist beyond those already reported. No new encumbrances or convertible instruments were created, meaning the capital structure remains unchanged.

Conclusion

Kotyark Industries has formally recorded the sale of 9,500 shares by promoter Bhaviniben Gaurang Shah, lowering her personal holding to 5.70% while the promoter group retains a 57.65% voting stake. The transaction complies with SEBI Regulation 29(2) and was filed on 22 June 2026. No further approvals or actions are pending, and the company’s control dynamics remain stable.