Kotyark Industries promoter Bhaviniben Shah sells 25,000 shares, reducing stake to 6.14%
On 11 June 2026, promoter Bhaviniben G Shah disposed of 25,000 Kotyark shares, lowering her holding to 6.14% of the company's voting capital.
What Kotyark Industries announced
Kotyark Industries Ltd (ISIN: INE0J0B01017, NSE: KOTYARK, BSE: 544726) filed a disclosure under Regulation 29(2) of the SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 on 19 June 2026. The filing records an open‑market disposal of 25,000 equity shares (face value Rs 10 each) by Mrs. Bhaviniben Gaurang Shah, a member of the promoter group.
The transaction took place on 11 June 2026 and resulted in a 0.24% reduction in the promoter’s shareholding. The filing lists the complete set of Persons Acting in Concert (PACs) associated with the promoter group, but only the above‑named promoter effected a share sale.
Details of the share disposal
- Acquirer/Seller: Mrs. Bhaviniben Gaurang Shah (Promoter Group)
- Date of transaction: 11 June 2026
- Number of shares sold: 25,000
- Percentage of total share capital sold: 0.24%
- Method: Open‑market transaction through the stock exchanges (NSE & BSE)
- Purpose: Not disclosed in the filing; the regulation only requires reporting the change in shareholding.
The filing also confirms that the promoter group, as a whole, continues to hold 58.25% of Kotyark’s voting‑right capital after the disposal.
Shareholding before and after the transaction
| Shareholder | Shares before | % of voting capital before | Shares after | % of voting capital after |
|---|---|---|---|---|
| Mr. Gaurang Rameshchandra Shah | 5,166,135 | 50.26% | 5,166,135 | 50.26% |
| Mrs. Bhaviniben Gaurang Shah | 656,343 | 6.39% | 631,343 | 6.14% |
| Mr. Brij Kumar Gaurang Shah | 97,500 | 0.95% | 97,500 | 0.95% |
| Mr. Vandan Gaurang Shah | 67,500 | 0.66% | 67,500 | 0.66% |
| Other PAC members (listed in filing) | 0 | 0.00% | 0 | 0.00% |
| Total promoter group | 5,987,478 | 58.25% | 5,987,478 | 58.25% |
The table shows that the only change in the promoter group’s composition is the reduction in Mrs. Shah’s holding. No new shares were acquired, nor were any other PAC members involved in a purchase or sale.
Key facts at a glance
| Detail | Value |
|---|---|
| Company | Kotyark Industries Ltd |
| ISIN | INE0J0B01017 |
| NSE Symbol | KOTYARK |
| BSE Scrip Code | 544726 |
| Filing date | 19 June 2026 |
| Transaction date | 11 June 2026 |
| Acquirer/Seller | Mrs. Bhaviniben Gaurang Shah |
| Shares sold | 25,000 |
| % of total share capital sold | 0.24% |
| Post‑sale holding (promoter) | 631,343 shares (6.14%) |
| Source | Regulation 29(2) disclosure filed with NSE & BSE |
Why this matters for investors
The filing is a statutory requirement under SEBI’s takeover regulations, which aim to keep the market informed of any material change in shareholding by promoters or persons acting in concert. While the 0.24% reduction is modest, it does signal a minor dilution of the promoter’s direct stake. The overall promoter group still controls 58.25% of voting rights, indicating that control of the company remains firmly with the existing promoter family.
For shareholders, the key implications are:
- Transparency: The open‑market sale is now on record, ensuring that all market participants have the same information.
- Control: The promoter group’s voting power is unchanged, so there is no immediate risk of a shift in strategic direction.
- Liquidity: The sale adds a small amount of shares to market liquidity, but the volume is negligible relative to daily turnover.
No corporate actions such as rights issues, buy‑backs, or restructuring are linked to this disclosure, and the filing does not mention any pending approvals or further share movements.
Conclusion
Kotyark Industries Ltd recorded a minor share disposal by promoter Mrs. Bhaviniben Gaurang Shah on 11 June 2026, reducing her individual holding to 6.14% of the company’s voting capital. The promoter group’s overall control remains at 58.25%, and no other shareholders or PAC members altered their positions in this filing. The disclosure satisfies SEBI’s Regulation 29(2) requirements and does not indicate any further corporate actions at this stage.
FAQs
Q1: How many shares did Bhaviniben Shah sell and what percentage of the company does that represent? A: She sold 25,000 shares, which is 0.24% of Kotyark Industries’ total share capital.
Q2: What was her shareholding before and after the sale? A: Before the sale she held 656,343 shares (6.39%); after the sale her holding stands at 631,343 shares (6.14%).
Q3: Did any other promoter or PAC member buy or sell shares in this filing? A: No. The disclosure lists only the sale by Mrs. Bhaviniben G Shah; all other listed PAC members reported zero holdings before and after the transaction.
Q4: Does the sale affect the promoter group’s control of Kotyark Industries? A: The promoter group’s total voting‑right shares remain 5,987,478, representing 58.25% of the company’s capital, so control is unchanged.
Q5: When was the disclosure filed and where can it be accessed? A: The filing was submitted on 19 June 2026 to both NSE and BSE. It is available on the BSE website under the document reference provided in the filing.
Q6: Is there any indication of why the shares were sold? A: The filing does not disclose a reason for the disposal; it merely satisfies the regulatory reporting requirement.
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Source filing: view original