The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Ketan Babulal Shah & PACs
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On the reaction day the stock moved 4.1 pts more than Nifty Microcap 250 and 4.7 pts more than its Other Financial Services peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Ketan Babulal Shah, along with person acting in concert Jeet Ketan Shah, sold 13,63,493 equity shares (1.25% of paid-up capital) of KBS India Ltd on the floor of the stock exchange on 8 October 2025. Their combined holding dropped from 1,01,91,506 shares (9.41%) to 88,28,013 shares (8.16%). The disclosure clarifies that the seller does not belong to the promoter or promoter group. The filing is made under Regulation 29(2) of SEBI's Takeover Regulations, which applies to persons holding 5% or more of a company's shares.
This is a minor stake reduction by a non-promoter shareholder and is unlikely to have a meaningful impact on the stock price. However, retail investors should note that a non-promoter holder above the 5% disclosure threshold has trimmed their position, which could be interpreted as a mild negative signal about near-term conviction.