The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Ketan Shah
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Awaiting price reaction for this filing.
Mr. Ketan Babulal Shah, along with PAC Jeet Ketan Shah, sold 5,03,424 equity shares (0.46%) of KBS India Ltd through open market transactions on the BSE on October 16, 2025. Post-sale, their aggregate holding reduced from 88,28,013 shares (8.16%) to 83,24,589 shares (7.69%) of the company's paid-up capital. The disclosure explicitly states that the seller does NOT belong to the Promoter/Promoter Group of the company. Total share capital of KBS India Ltd is 10,82,11,880 equity shares. The previous transaction by this shareholder was also on October 16, 2025, suggesting block disposal activity.
Since the seller is not a promoter and the stake sold is small (0.46%, below the 1% reporting trigger for promoter sales), this transaction is unlikely to materially affect the company's share price or shareholder structure. It reflects portfolio rebalancing by an existing non-promoter shareholder and has no bearing on management control.