The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Ketan Babulal Shah
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Ketan Babulal Shah, along with Jeet Ketan Shah (acting as persons acting in concert), sold 34,61,654 equity shares of KBS India Limited, representing 3.20% of the company's paid-up share capital. The shares were sold on the open market through BSE on 30 September 2025, with the disclosure submitted to the exchange on 6 October 2025. Following the sale, their combined holding in the company has reduced from 1,36,53,160 shares (12.6%) to 1,01,91,506 shares (9.40%). The filing clearly states that the sellers do not belong to the promoter or promoter group of KBS India Limited.
This is a notable disposal by a substantial non-promoter shareholder, taking their stake below the 10% mark, which could be viewed as a negative sentiment signal in the short term and may keep mild selling pressure on the stock. Retail investors should note that the seller is not part of the promoter group and the trade was carried out through normal open-market channels.