The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Ramesh Dadhia & PACs
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Awaiting price reaction for this filing.
Mr. Ramesh Dadhia along with four Persons Acting in Concert (Yogesh Dadhia, Neha Dadhia, Urmila Ramesh Dadhia, and Bhavesh Dadhia) have sold their entire holding of 2,89,640 equity shares in Synthiko Foils Limited on 22 August 2025. The promoter group's stake has gone from 16.65% (2,89,640 shares) to nil (0%) — a complete exit from the company. The sale was carried out in the open market. The total equity share capital of the company remains unchanged at 17,40,000 shares of Rs. 5 each, indicating the shares were sold to other market participants. The filing was made under Regulation 29(2) of the SEBI Takeover Regulations, which mandates disclosure when a promoter group's shareholding changes by more than 2% in a financial year.
This is a negative signal for shareholders as it represents a full exit by the promoter group, which may erode confidence in the company's prospects. The stock could see downward pressure as a 16.65% block of shares now floats freely in the market, and the absence of promoter skin-in-the-game may concern long-term investors.