The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Sudhilaben Narendrakumar Patel & PACs
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Awaiting price reaction for this filing.
Sushilaben Narendrakumar Patel, along with Persons Acting in Concert (Narendrakumar Patel, Bhumishth Patel, Bhumishth Patel HUF, Payal Bhumishth Patel), has filed an SAST disclosure under Reg 29(2). She sold 1,24,000 equity shares (0.53% of paid-up capital) through the open market on September 24, 2025. Her individual stake dropped from 10.98% (25,45,900 shares) to 10.45% (24,21,900 shares). Combined PAC holding fell from 25.65% to 25.12% (58,23,800 shares) of the company. The total equity share capital of the company remains unchanged at 2,31,80,000 shares of face value Rs. 10 each.
This is a relatively small open-market sale by an insider/PAC, reducing the combined insider group stake modestly by 0.53%. The sale is below 1% and unlikely to materially affect share price or control dynamics, though it signals some trimming of exposure by an insider.