The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Satnam Singh
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On the reaction day the stock moved 0.8 pts more than Nifty Microcap 250 and 1.6 pts more than its Other Textile Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Mr. Satnam Singh, part of the promoter group of Prabhhans Industries Ltd, sold 2,44,881 equity shares (3.92% of the company) through open market transactions on four dates between July 8 and July 18, 2025. The shares were offloaded at declining prices — Rs. 111.63 on July 8, Rs. 102.61 on July 11, Rs. 96.70 on July 14, and Rs. 78.68 on July 18, indicating a steep fall of roughly 30% in the stock price during this period. As a result, his holding dropped from 59.70% (37,30,164 shares) to 55.78% (34,85,283 shares). No encumbrance (pledge/lien) details were involved in this transaction.
This is a significant promoter stake sale exceeding 1%, which can be interpreted as a negative signal by retail investors as the insider exited at progressively lower prices. Despite the reduction, the promoter remains the majority holder with 55.78%, so control of the company is unchanged.