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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Mr. Shaival Dharmendra Gandhi, Promoter, Managing Director and CFO of Pace E-Commerce Ventures Ltd, has sold 1,70,400 equity shares (0.75% of total share capital) through an open market transaction on November 4, 2025. His stake in the company has decreased from 52.40% (1,18,07,865 shares) to 51.64% (1,16,37,465 shares) after the sale. The total equity share capital of the company stands at 2,25,33,510 shares of Rs. 10 each. No shares were pledged or encumbered before or after the transaction. The disclosure was filed under Regulation 29(2) of SEBI (SAST) Regulations, 2011.
The promoter remains firmly in control with over 51% holding even after this sale, so the immediate dilution is minimal. However, retail investors may want to monitor whether further promoter selling follows, as a pattern of stake reduction could weigh on sentiment over time.