The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Prabhat Modi
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Prabhat Modi, a member of the promoter/promoter group of PMC Fincorp Ltd, acquired 12,70,000 equity shares (0.18% of diluted share capital) through open market purchases on three dates: September 2, 2025 (11,00,000 shares), September 4, 2025 (70,000 shares), and September 12, 2025 (1,00,000 shares). His holding increased from 49,54,381 shares (0.70%) to 62,24,381 shares (0.87%) of the company. The disclosure was filed under Regulation 29(2) of SEBI (SAST) Regulations, 2011. The total equity share capital of the company stands at ₹71,20,81,600 divided into 71,20,81,600 shares of ₹1 face value each.
This is a small open-market purchase by an individual promoter, signaling modest confidence in the company. However, the 0.18% increase is incremental and unlikely to materially move the stock price or change control dynamics.