Committee approves sale of up to 9,50,000 shares of Ultramarine & Pigments in open market

The Fund Raising Committee approved the sale of up to 9,50,000 equity shares (3.25% of capital) of Ultramarine & Pigments Ltd, where the company is a Promoter holding 27,38,837 shares (9.38%).

Wed 30 Sep 2026

Shares to be sold

up to 9,50,000 equity shares

Percentage of capital

3.25% of capital

Current holding

27,38,837 shares (9.38%)

Sale timeline

30.09.2026

Last closing price

Rs. 418.50 (NSE), Rs. 418.10 (BSE)

What was decided

The Fund Raising Committee of the Board met on September 30, 2026 (11.00 a.m. to 11.45 a.m.) and approved the sale of up to 9,50,000 equity shares held in Ultramarine & Pigments Limited, through stock exchanges in the open market.

Key details

• Holding in target: 27,38,837 equity shares, being 9.38% of its total capital
• Proposed sale: up to 9,50,000 shares, being 3.25% of total capital
• Relationship with target: Promoter
• Mode: through stock exchange(s) in the open market
• Expected completion: 30.09.2026
• Last closing price of target: Rs. 418.50 on NSE and Rs. 418.10 on BSE
• Related party transaction: No

How to read it

This is a partial monetisation of a listed investment the company holds as a Promoter of the target. If fully executed, the stake in Ultramarine & Pigments would reduce from 9.38% towards the balance after selling 3.25%. The sale is to be done on the open market rather than through a negotiated deal, and the word used is "approved" — the actual quantity sold may be up to the stated limit.

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