Kotyark Industries promoter Bhaviniben Shah sells 23,051 shares (0.22% stake)

What Kotyark Industries announced

Kotyark Industries Ltd (ISIN: INE0J0B01017, BSE: 544726, NSE: KOTYARK) filed a disclosure under Regulation 29(2) of the SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011. The filing, submitted on 22 June 2026, informs the exchanges that a member of the promoter group, Mrs Bhaviniben Gaurang Shah, disposed of a small block of equity shares in the open market.

"Mrs Bhaviniben Gaurang Shah sold 23,051 shares on 19 June 2026, representing a 0.22% change in the total voting capital of Kotyark Industries Ltd."

The notice is addressed to the listing departments of both the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE) and is signed by the promoter herself.

Details of the share disposal

The transaction took place on 19 June 2026. A total of 23,051 shares of Rs 10 each were sold by Mrs Bhaviniben Gaurang Shah, who is identified in the filing as part of the Promoter Group. The disposal represents 0.22% of the company’s total voting capital. No other parties are listed as acquirers; the filing simply records the reduction in the promoter’s holding.

The disclosure follows the format prescribed by SEBI, listing the name of the target company, the acquirer/seller, persons acting in concert (PAC), and the shareholding details before and after the transaction. The promoter group includes a number of family members and related entities, but the only change recorded in this filing is the sale by Mrs Shah.

Shareholding pattern before and after the transaction

Before the disposal

After the disposal

The sale reduced Mrs Shah’s individual holding by 23,051 shares, lowering her percentage from 5.70% to 5.47%. The aggregate promoter group’s voting share remains unchanged at 57.56%, indicating that the sold shares were not transferred to any other member of the promoter group.

Key facts at a glance

Why this matters for investors

The filing satisfies a statutory requirement that any promoter or promoter‑group member who alters their shareholding by more than a prescribed threshold must disclose the change to the stock exchanges. Although the 0.22% change is modest, the disclosure provides transparency about the promoter group’s control over Kotyark Industries. The promoter group continues to hold a clear majority (over 57%) of voting rights, suggesting that control of the company remains with the existing promoters. Investors can use this information to assess the stability of the promoter base and to monitor any future share‑holding movements that could affect corporate governance.

Conclusion

Kotyark Industries has formally recorded the sale of 23,051 shares by promoter Mrs Bhaviniben Gaurang Shah on 19 June 2026. The transaction reduced her individual stake to 5.47% of voting capital but left the overall promoter group’s voting power unchanged at 57.56%. The disclosure, filed under SEBI Regulation 29(2) on 22 June 2026, fulfills regulatory transparency obligations and confirms that the promoter base remains largely intact.