The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Ketan Shah & PAC
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Awaiting price reaction for this filing.
Mr. Ketan Babulal Shah along with PAC Jeet Ketan Shah sold 15,85,060 equity shares of KBS India Limited, representing 1.46% of the paid-up share capital, through open market transaction on the floor of the exchange on 25th February 2026. The filing explicitly states that the seller does NOT belong to the promoter or promoter group. As a result of this sale, their aggregate holding has come down from 83,24,589 shares (7.69%) to 67,39,529 shares (6.23%). The disclosure was filed on 27th February 2026 with BSE under Regulation 29(2) of the SEBI Takeover Regulations.
This is a sale by a non-promoter shareholder, not promoter selling, so it does not signal any change in promoter confidence in the company. It is a routine disclosure for a shareholder crossing the 1% threshold mark and is unlikely to materially affect retail investor perception or stock price, though the open market sale could create mild supply-side pressure.