The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Haresh Kapurlal Mehta

Ownership Changes View source PDF Explain this filing

MEDICO · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reactionminutes from the announcement price · days from the prior close

+2.3%Reaction day

₹55.00

prior close

₹54.90

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used-3.6%+5.9% vs market

Pharmaceuticals peers, median of 150sector-2.8%+5.1% vs sector

On the reaction day the stock moved 5.9 pts more than Nifty Microcap 250 and 5.1 pts more than its Pharmaceuticals peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

+1.5

10m

+1.3

15m

+1.8

30m

+1.7

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+2.3-3.6+5.9-2.8+5.1

Next day

+3.6-7.8+11.4-7.1+10.7

+4.5-5.6+10.1-5.3+9.8

+3.6-6.8+10.4-6.6+10.2

+8.1-3.6+11.7-4.2+12.3

+6.6-0.5+7.1-1.7+8.3

+2.7+1.1+1.7-1.1+3.8

15d

+1.0-1.2+2.2-1.8+2.8

-1.8+0.2-2.0-1.6-0.2

-5.5+11.1-16.6+4.3-9.8

-23.0+14.5-37.5+4.9-27.9

UpDownMarket · Nifty Microcap 250Sector · Pharmaceuticals peers, median of 150Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Haresh Kapurlal Mehta, a promoter of Medico Remedies Ltd, sold 1,00,000 equity shares (0.12% of total share capital) through an open market transaction on 28 March 2025. As a result, his shareholding in the company declined from 1,72,29,200 shares (20.76%) to 1,71,29,200 shares (20.64%). The disclosure was filed under Regulation 29(2) of SEBI's Takeover Regulations. The total equity share capital of the company remains at 8,29,84,000 shares of Rs. 2 each, worth Rs. 16.59 crore. The sale is small in size and the promoter's overall stake remains comfortable at over 20%.

Likely market impact

This is a minor promoter sell-off (only 0.12% of equity) and is unlikely to meaningfully affect the stock price or signal any major concern. The promoter continues to hold a significant 20.64% stake, so long-term confidence in the company remains largely intact.