The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Sethia Prabhat & PACs
FILATFASH · price
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Promoter Mr. Sethia Prabhat along with Persons Acting in Concert (Prashant Kumar Sethia, Mahavir Golechha, Raj Kumar Sethia, and Shailaja Katar) sold shares of Filatex Fashions Ltd in the open market on 30.03.2026. Before the transaction, the promoter group held 1,39,10,72,350 shares representing 16.69% of the total share capital. They sold 98,57,99,239 shares representing 11.83% of the capital. Post-transaction, their holding reduced to 40,527,311 shares representing just 4.86% of the company. This is a significant reduction in promoter stake, falling below the 5% threshold.
The promoter group has significantly reduced their stake by nearly 12 percentage points, now holding under 5% of the company. This substantial selling by insiders may signal lack of confidence or fund-raising by promoters, and could be a bearish signal for the stock.