IOL Chemicals and Pharmaceuticals Limited has disclosed a significant acquisition of shares by its promoter group entity, Mayadevi Polycot Limited. The transaction involved the purchase of 54,197 equity shares valued at ₹40,00,210. This acquisition was executed on the open market on 18th March 2026.
Following this transaction, Mayadevi Polycot Limited’s shareholding in IOL Chemicals and Pharmaceuticals increased from 6,38,91,133 shares to 6,39,45,330 shares, representing a marginal rise in its holding from 21.76% to 21.78%.
The disclosure was made under Regulation 7(2) of the SEBI (Prohibition of Insider Trading) Regulations, 2015, which mandates continual disclosure of changes in shareholding by promoters, directors, and other key management personnel.
The filing also confirmed that there were no derivative trades executed by the promoter group during this period.
Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).
This article is written by Kinjal and reviewed by Markets Desk before publication.