The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Pratik M Doshi
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Pratik M. Doshi, Chairman and Managing Director of LKP Securities, has disclosed the transmission of 92,58,107 equity shares (11.25% of the company) from his late father and promoter Mr. Mahendra V. Doshi, effective September 17, 2025. Following the transmission, Pratik M. Doshi's individual holding in the company rose from 2.80% (23,04,332 shares) to 14.05% (1,15,62,439 shares). The total promoter group holding remains unchanged at 71.04% before and after the transmission, as this is an internal estate transfer rather than a market purchase. No money has changed hands through the stock exchange; the transfer is by way of transmission due to the demise of the original holder.
This is a non-event from a market perspective — the total promoter ownership stays flat at 71.04%, so there is no change in control or dilution for shareholders. The shift simply consolidates the deceased promoter's stake within the family and may marginally increase Pratik M. Doshi's individual influence, but it should not affect the stock price.