The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Sethia Prabhat & PACs
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Promoter Mr. Sethia Prabhat (along with PACs Prashant Kumar Sethia, Mahavir Golechha, Raj Kumar Sethia, and Shailaja Katar) sold 98,57,99,239 shares (11.83%) in the open market on March 30, 2026. Before the sale, the acquirer group held 1,39,10,72,350 shares (16.69%). After the sale, their holding reduced to 405,273,111 shares (4.86%). The acquirer confirmed they belong to the Promoter/Promoter Group. Total share capital of the company is 8,33,40,72,725 equity shares of Rs. 1/- each.
A significant promoter stake sale of nearly 12% reduces the combined promoter holding to under 5%, which could signal reduced promoter confidence or fund mobilization. This substantial reduction may create negative sentiment for retail investors.