The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Nareshkumar Ramjibhai Patel
ACUTAAS · price
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Nareshkumar Ramjibhai Patel, Promoter and Managing Director of Acutaas Chemicals Ltd, sold 13,48,921 equity shares (1.65% of total equity) on May 19, 2025, through an on-market block deal. His holding in the company has decreased from 1,58,32,248 shares (19.34%) to 1,44,83,327 shares (17.69%). The disclosure was filed under SEBI Regulation 29(2) of the Takeover Regulations, 2011. No encumbrance (pledge) details were involved in the transaction.
This is a notable promoter stake sale exceeding 1%, which could put short-term pressure on the stock price as it signals a reduction in promoter ownership. However, the promoter still retains a significant 17.69% stake, so control of the company is unaffected.