The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Shaival Gandhi
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Mr. Shaival Dharmendra Gandhi, Managing Director, CFO and Promoter of Pace E-Commerce Ventures Ltd, has sold 3,60,000 equity shares through an open market transaction on September 23, 2025. This represents 1.59% of the company's total share capital. Following this sale, his holding reduced from 1,29,33,465 shares (57.39%) to 1,25,73,465 shares (55.79%). The disclosure was filed under SEBI SAST Regulation 29(2). The company's total equity base is 2,25,33,510 shares of Rs. 10 each.
Despite the reduction, the promoter continues to hold majority control at 55.79%, well above the 50% threshold. The sale of over 1% stake by a promoter may be viewed with caution by some investors as a mild negative signal, though it remains a routine open-market disposal.