The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Ketan Shah & PACs
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Ketan Babulal Shah, acting in concert with Jeet Ketan Shah, sold 15,85,060 equity shares (1.46% of paid-up capital) of KBS India Limited through open market on 25 February 2026. The seller explicitly states that he does not belong to the Promoter or Promoter Group of the company. Post-sale, his holding stands reduced from 83,24,589 shares (7.69%) to 67,39,529 shares (6.23%). The disclosure was filed with BSE on 27 February 2026 in compliance with SEBI Takeover Regulations.
This is a routine SAST disclosure from a non-promoter shareholder trimming his position by about 1.46%. With no promoter involvement and the seller's stake still well above the 5% disclosure threshold, there is no immediate governance or takeover-related concern for existing shareholders.