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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Awaiting price reaction for this filing.
Mr. Shaival Dharmendra Gandhi, Promoter and Managing Director & CFO of Pace E-Commerce Ventures, sold a total of 3,18,000 equity shares through open market transactions over three trading sessions: 1,63,200 shares on October 30, 68,400 shares on October 31, and 86,400 shares on November 3, 2025. Combined, these disposals represent about 1.40% of the company's total equity share capital. As a result, his stake in the company declined from 53.81% (1,21,25,865 shares) before the sales to 52.40% (1,18,07,865 shares) after the final transaction on November 3. The filings were made under SEBI SAST Regulation 29(2) for each individual transaction. No encumbrances (pledges) were created, invoked, or released as part of these transactions.
This is a notable promoter sell-off totaling roughly 1.4% of the company, which may be viewed negatively by retail investors as a signal of reduced promoter confidence, even though he continues to hold a majority stake of 52.40%. The fact that sales were spread across multiple days suggests a gradual exit rather than a single block deal, which could put mild downward pressure on the stock.