The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Shaival Dharmendra Gandhi
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Shaival Dharmendra Gandhi, Managing Director and CFO and part of the promoter group, sold 4,42,800 shares (1.96% of total share capital) of Pace E-Commerce Ventures Ltd on September 1, 2025 through an open market transaction. His holding reduced from 1,36,69,065 shares (60.66%) to 1,32,26,265 shares (58.69%). The total equity share capital of the company remains at 2,25,33,510 shares. No encumbrance or pledge activity was reported in this disclosure.
The promoter has trimmed his stake by nearly 2%, but continues to hold a strong majority of 58.69%, indicating confidence in the company remains intact. The open market sale could create short-term supply pressure on the stock, though the promoter still controls over half the company.