Vasudev Fatandas Sawlani, acting as a promoter, has disclosed a substantial acquisition of shares in Shantai Industries Limited. The transaction involved the acquisition of 55,80,000 shares, representing 74.40% of the total share capital. This off-market acquisition occurred on August 17, 2026, and has resulted in the promoter group holding a significant controlling stake in the target company.
Promoter Group Assumes Control of Shantai Industries
In a significant development, Vasudev Fatandas Sawlani, a key promoter of Shantai Industries Limited, has successfully acquired a substantial block of shares, consolidating control over the company. The disclosure, made under SEBI’s substantial acquisition regulations, reveals the acquisition of 55,80,000 equity shares. This transaction represents a controlling stake of 74.40% of the total equity share capital of Shantai Industries Limited.
Transaction Details
The acquisition was executed on August 17, 2026, through an off-market transaction facilitated by a Share Purchase Agreement. Prior to this transaction, the promoter group, including Vasudev Fatandas Sawlani, Murlibhai Fatandas Sawlani, Harishbhai Fatandas Sawlani, Disha Murlidhar Sawlani, and Reena Harish Sawlani, collectively held 55,80,000 shares, constituting 74.40% of the voting capital. Following the acquisition, their total holding remains at 55,80,000 shares, still representing 74.40% of the total voting capital, indicating a restructuring or consolidation within the promoter group itself or an acquisition from non-promoter shareholders that was immediately offset by other promoter actions or classifications. The total equity share capital of Shantai Industries Limited stands at 75,00,000 Equity Shares of Rs. 2/- each.
About Shantai Industries Limited
Shantai Industries Limited is listed on the BSE Limited. This disclosure is made in compliance with the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, ensuring transparency in the change of shareholding patterns.
Source: BSE
