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, Managing Director, CFO and Promoter of Pace E-Commerce Ventures Ltd, sold 2,17,200 equity shares (about 0.96% of the company's share capital) through an open market transaction on September 24, 2025. After the sale, his holding in the company came down from 1,25,73,465 shares (55.79%) to 1,23,56,265 shares (54.83%). The disclosure has been filed with BSE under Regulation 29(2) of the SEBI Takeover Regulations. The company's total share capital remains 2,25,33,510 equity shares of Rs. 10 each.
This is a minor reduction in promoter stake — less than 1% — and the promoter remains comfortably above the 50% majority threshold at 54.83%, so control of the company is not at risk. However, any open market selling by a promoter can be viewed as a soft negative signal by retail investors, as it may indicate the promoter sees limited near-term upside or wants to rebalance personal holdings.