Siddhi Power Sells Stake in Suncare Traders

Siddhi Power Limited has sold a portion of its stake in Suncare Traders Limited, reducing its holding to 2.29% from the previous 5.00%. The transactions involved the sale of 69,08,118 equity shares, making up 2.71% of the total shares.

These sales took place between March 5 and March 24, 2026. The disclosure was filed on March 24, 2026, in compliance with SEBI (Substantial Acquisition of Shares & Takeovers) Regulations.

The move signals a potential shift in Siddhi Power's investment strategy and affects Suncare Traders' shareholder structure. This transaction falls under SEBI takeover regulations, aimed at ensuring market transparency.

Suncare Traders Limited, incorporated in 1997, is based in Ahmedabad and trades laminates, plywood, and is involved in solar power generation. It is listed on the BSE. Siddhi Power Limited, established in 2008, operates in the power transmission and distribution sector and is an unlisted public company.

Prior to this transaction, Siddhi Power Limited held 5.00% of Suncare Traders' equity. Previous reports indicated Siddhi Power held around 4.45% in late 2025. Suncare Traders had a market capitalization of approximately ₹15-20 crore in March 2026, with its share price trading around ₹0.59-₹0.65. The company also has a low promoter holding of 4.29%.

Siddhi Power itself has faced financial challenges, reporting significant drops in revenue and profit in FY 2023. Suncare Traders Limited had total equity share capital of ₹51.00 crore.

Following the sales, Siddhi Power Limited now directly holds 58,35,713 shares in Suncare Traders. Investors will likely monitor any further disclosures regarding Siddhi Power's stake, Suncare Traders' future financial performance, stock price movements, and any strategic announcements from Suncare Traders that could be influenced by its shareholding patterns. Any new investment or divestment activities by Siddhi Power Limited in its portfolio will also be noteworthy.