The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Harshit Haresh Mehta
MEDICO · price
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Harshit Haresh Mehta, a promoter of Medico Remedies Ltd, sold 4,00,000 equity shares (0.48% of total share capital) through an open market transaction on 28th March 2025. Prior to the sale, he held 95,20,000 shares (11.47%), which has now reduced to 91,20,000 shares (10.99%). The disclosure was filed under SEBI (SAST) Regulations, 2011. The company's total equity share capital remains 8,29,84,000 shares of Rs. 2 each, with no change in the overall capital structure.
This is a small promoter offloading of 0.48% stake in the open market, which may signal mild profit-booking but is not large enough to materially affect shareholding or investor confidence.