Investor clarifies Shaily Engineering Plastics share sale mode

Laxman Sanghvi has submitted a revised disclosure to BSE Limited concerning the disposal of 50,000 equity shares of Shaily Engineering Plastics Limited. The initial disclosure, sent on November 14, 2025, under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, did not specify the mode of sale.

The revision clarifies that the shares were disposed of via an open market sale, addressing a discrepancy identified by the listing compliance of BSE Ltd. The disposed shares represent 0.11% of the total share/voting capital and 0.11% of the total diluted share/voting capital of Shaily Engineering Plastics.

Before the disposal, Laxman Sanghvi held 2,382,120 shares, representing 5.18% of the total share/voting capital. After the disposal, the holding stands at 2,332,120 shares, accounting for 5.07% of the total share/voting capital. The total equity share capital of the target company remains at INR 9,19,10,186, comprising 4,59,55,093 equity shares of INR 2 each.