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

+2.7%Reaction day

₹53.53

prior close

₹53.50

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+1.0%+1.7% vs market

Pharmaceuticals peers, median of 147sector+2.3%+0.5% vs sector

On the reaction day the stock moved 1.7 pts more than Nifty Microcap 250 and 0.5 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

+0.6

10m

+1.9

15m

+1.6

30m

+1.5

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+2.7+1.0+1.7+2.3+0.5

Next day

+5.1-2.6+7.7-0.8+5.8

+6.4-6.9+13.3-4.6+11.1

+7.4-4.6+12.0-3.1+10.5

+6.5-5.8+12.3-4.0+10.5

+11.1-2.6+13.7-2.1+13.1

+5.1+1.4+3.7+1.0+4.1

15d

+5.4+2.0+3.3+2.2+3.2

+0.9+1.2-0.3+1.3-0.4

-3.4+11.7-15.1+6.4-9.8

-22.8+15.2-38.1+7.2-30.0

UpDownMarket · Nifty Microcap 250Sector · Pharmaceuticals peers, median of 147Pending

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

AI summary

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.

Likely market impact

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.