The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Bhumishth Narendrabhai Patel
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Mr. Bhumishth Narendrabhai Patel, a promoter of Evoq Remedies Ltd, has filed a disclosure under SEBI SAST Regulations regarding a change in his shareholding. His stake reduced from 5.19% (12,91,574 shares) to 2.17% (5,39,574 shares), a decrease of 7,52,000 shares representing 3.02% of the company's equity. The disclosure mentions shares encumbered/invoked/released, suggesting a possible pledge invocation event. The transaction was executed through the stock exchange on 20th October 2025. The total equity share capital of the company is Rs. 24.90 crore (2,49,00,000 shares of Rs. 10 each).
This is a negative signal for shareholders — the promoter's stake has dropped sharply to just 2.17%, significantly reducing skin-in-the-game. If this was a pledge invocation, it may indicate financial stress for the promoter, which could weigh on stock sentiment.