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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On the reaction day the stock moved 1.1 pts more than Nifty Microcap 250 and 0.3 pts more than its E-Retail/ E-Commerce peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Promoter and Managing Director & CFO Shaival Dharmendra Gandhi sold 2,30,400 equity shares of Pace E-Commerce Ventures Ltd through an open market transaction on September 25, 2025. This represents 1.02% of the company's total share capital. After the sale, his holding reduced from 1,23,56,265 shares (54.83%) to 1,21,25,865 shares (53.81%). The total equity share capital of the company remains unchanged at 2,25,33,510 shares of Rs. 10 each. The disclosure was filed under Regulation 29(2) of SEBI SAST Regulations, 2011, as required for promoter share sale transactions.
This is a relatively small promoter offload (just over 1%) and the promoter still retains a majority stake of 53.81%, so the governance control remains intact. However, open market selling by a promoter can sometimes be viewed negatively by retail investors as it may signal the promoter reducing exposure at current price levels.