An Ultramarine & Pigments stake sale disclosure filed with BSE on October 5, 2026, showed that promoter-group entity Thirumalai Chemicals Limited sold 9.5 lakh shares on September 30, 2026. The transaction reduced its holding in the company from 9.38% to 6.13%.

The shares sold represented 3.25% of Ultramarine & Pigments’ share capital, according to the disclosure. Thirumalai Chemicals identified the mode of sale as an on-market transaction through the stock exchange. The filing did not disclose the sale price or transaction value.

Ultramarine & Pigments submitted the disclosure received from Thirumalai Chemicals under Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. Its covering letter to BSE was dated October 1, 2026.

Thirumalai Chemicals’ holding falls to 6.13%

Following the sale, Thirumalai Chemicals held 17,88,837 shares carrying voting rights in Ultramarine & Pigments. The disclosure identified the seller as belonging to the target company’s promoter or promoter group.

Disclosed measure Before sale After sale
Thirumalai Chemicals’ shareholding 9.38% 6.13%
Target company’s equity shares outstanding 2,92,00,000 2,92,00,000

The reported percentages show a reduction of 3.25 percentage points in the seller’s holding. The same pre-sale and post-sale percentages were reported against the company’s diluted share and voting capital.

These figures relate specifically to Thirumalai Chemicals’ disclosed holding. They should not be read as the aggregate holding of Ultramarine & Pigments’ entire promoter group, for which the supplied filing provides no consolidated figure.

Equity capital remains unchanged

Ultramarine & Pigments’ equity share capital remained at 2,92,00,000 shares of Rs 2 each before and after the transaction. Its total diluted share and voting capital after the sale was also reported at 2,92,00,000 equity shares.

The disclosure therefore records a change in the seller’s ownership while the target company’s stated number of equity shares remained unchanged. It does not provide a reason for the disposal or identify a buyer.

Ultramarine & Pigments is identified in the submission by BSE scrip code 506685. The enclosed seller disclosure was dated October 1, 2026, following the September 30 transaction.