On 23 December 2016
Orosil Smith India announced that due to public Announcement and open offer made by the company in accordance with order of SEBI dated 13 May 2015, promoters holding has been increased from 72.64% of paid up equity share capital to 75.83% of paid up Equity Share capital on 03 December 2015.And to reduce promoters shareholding, in continuation of earlier Offer For Sale held on 23 November 2016, Sukarma Finance, promoter of the company has disposed of 18080 equity shares of the company representing 0.22% of paid up equity share capital of the company of face value of Rs. 5/- each through the Offer for Sale- Stock Exchange Mechanism on BSE on 22 December 2016 (Non Retail Category) and 23 December 2016 (Retail Category).
Consequently the public shareholding of Orosil Smith India has increased from 24.80% to 25.02%, thereby promoter and promoter Group shareholding has reduced from 75.20% to 74.98% on 23 December 2016 in compliance of Rule,19A of Securities Contracts (Regulation) Rules, 1957 read with Regulation 38 of SEBI (Listing Obligation and Disclosure Requirements) Regulation 2015.
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