The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Ketan Babulal Sha
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Ketan Babulal Shah and his son Jeet Ketan Shah, who are acting in concert but are NOT part of the promoter/promoter group, sold 34,61,654 equity shares of KBS India Ltd on the floor of the Bombay Stock Exchange on 30 September 2025. This represents 3.20% of the company's paid-up share capital. As a result, their combined holding has come down from 1,36,53,160 shares (12.6%) to 1,01,91,506 shares (9.40%), crossing below the 10% substantial shareholder threshold. The sale was carried out through open market transactions.
Since the sellers are not promoters, this is not a promoter-driven move and is unlikely to trigger negative sentiment. However, retail investors should note that a large non-promoter shareholder has trimmed a meaningful stake and has now fallen below the 10% threshold, which could modestly reduce the float held by long-term investors in the company.