The Exchange has received the revised disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Priti Sunil Panchmatiya
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Awaiting price reaction for this filing.
Priti Sunil Panchmatiya, a member of the Promoter Group of Poojawestern Metaliks Ltd, sold 50,000 equity shares (0.49% of total share capital) through an open market transaction on October 24, 2024. Her individual holding dropped from 10.30% (1,044,958 shares) to 9.81% (994,958 shares), crossing below the 10% mark. The total Promoter Group holding declined marginally from 62.09% to 61.59% of the company. The disclosure names several persons acting in concert (PACs) including Sunil Devram Panchmatiya (18.33%), Anil Devram Panchmatiya (15.96%) and Bina Anil Panchmatiya (11.34%).
This is a relatively small sale by one promoter family member and does not significantly alter the controlling stake, which remains comfortably above 50%. However, the individual crossing below the 10% personal holding threshold may attract attention. No major negative signal for shareholders as promoter control is intact.