Sicagen India revises SPIC stake after GDR adjustment

Sicagen India Limited submitted a revised disclosure to the BSE and NSE on September 4, 2025, detailing changes in its equity shareholding in Southern Petrochemical Industries Corporation Limited (SPIC). The revision, which factors in SPIC's GDRs, shows Sicagen India's post-acquisition stake at 3.15% (64,13,324 shares) as of August 26, 2025, a decrease from the previously filed 3.44%.

Concurrently, South India House Estates And Properties Limited also filed a revised disclosure, reflecting a pre-transfer stake of 0.80% (16,36,900 shares) in SPIC, reduced from 0.88%. Post-transfer, South India House Estates And Properties Limited's holding stands at 0.00%, with the shares transferred to Sicagen India Limited through an inter-se promoter group off-market trade on August 26, 2025.

SPIC’s total equity share capital remains at ₹2,03,64,03,360, comprising 20,36,40,336 equity shares of ₹10 each. The adjustment by Sicagen India specifically acknowledges the impact of GDRs on the overall paid-up share capital, leading to the revised percentage.