The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Haresh Kapurlal Mehta & PACs
MEDICO · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 0.2 pts more than Nifty Microcap 250 and 0.3 pts more than its Pharmaceuticals peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Promoter Haresh Kapurlal Mehta, along with Persons Acting in Concert (PACs), sold 3,50,000 equity shares (0.42%) of Medico Remedies Ltd via an open market sale on 11th June 2025. His stake dropped from 20.64% (1,71,29,200 shares) to 20.22% (1,67,79,200 shares). The PACs include family members Harshit Haresh Mehta, Ria Haresh Mehta, Rishit Haresh Mehta, Shweta Harshit Mehta, and Priyal Rishit Mehta. The company has total equity capital of 8,29,84,000 shares of Rs. 2 each. No encumbrance or pledge activity is involved — this is a plain equity sale.
The promoter group's combined holding remains above 20%, so control of the company is unchanged. The sale size is small (less than half a percent), so it is unlikely to move the stock materially, though repeated promoter exits could dent retail sentiment over time.