The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Satnam Singh
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
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.