The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Harshvardhan Patil & PACs
KOLTEPATIL · price
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Awaiting price reaction for this filing.
Harshvardhan Patil, part of the promoter group of Kolte-Patil Developers, has acquired 9,90,522 equity shares (1.11% of paid-up capital) through an inter-se transfer by way of gift without any consideration. His individual holding increased from 2.16% (19,11,623 shares) to 3.27% (29,02,145 shares) as on 14 November 2025. The filing lists several persons acting in concert including Rajesh Patil, Milind Kolte, and members of the Patil and Kolte families. Importantly, the company has clarified that this is only an internal reshuffle within the promoter family and there is no change in the total shareholding of the Promoter Group.
This is a neutral, internal family arrangement with no cash transaction and no change in overall promoter ownership, so it is unlikely to have any material effect on the stock price or minority shareholders.