The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Harshit Haresh Mehta & PACs
MEDICO · price
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Harshit Haresh Mehta, a promoter of Medico Remedies Ltd, sold 5,00,000 equity shares via open market on 24th-25th September 2025. This represents 0.64% of the company's total voting capital. His individual holding declined from 91,20,000 shares (10.99%) to 86,20,000 shares (10.35%). The transaction was disclosed under Regulation 29(2) of SEBI's Substantial Acquisition of Shares & Takeovers Regulations, 2011. The company's total equity capital remains 8,29,84,000 shares of Rs. 2 each. Other PACs include Rita Haresh Mehta, Rishit Haresh Mehta, Harshit Haresh Mehta HUF, Shweta Harshit Mehta, and Priyal Rishit Mehta.
This is a modest promoter stake sale that slightly trims the individual promoter's holding while still keeping him a meaningful shareholder. It may cause mild short-term supply pressure on the stock but is not a significant event for overall promoter control or shareholder value.