Jinesh Pandav Acquires 74.4% Stake in Shantai Industries

Jinesh Pandav, through an off-market transaction via a Share Purchase Agreement, has acquired a substantial 74.40% stake in Shantai Industries Limited. This acquisition involves 55,80,000 equity shares, bringing the total holding of Jinesh Pandav and Persons Acting in Concert (PACs) to this significant percentage of the company's total share capital. The transaction was executed on August 17, 2026, and the total equity share capital of Shantai Industries remains 75,00,000 equity shares of Rs. 2/- each.