We, Prabhhans Industries Limited, hereby submit the disclosures under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.
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Mr. Satnam Singh, part of the promoter group and Managing Director & CFO of Prabhhans Industries Ltd, sold 1,90,537 equity shares (3.05% of total share capital) in the open market. The shares were sold in three tranches on August 4 (75,000 shares at Rs. 77.85), August 25 (45,000 shares at Rs. 74.70), and August 26, 2025 (70,537 shares at Rs. 77.14). His holding reduced from 34,85,283 shares (55.78%) to 32,94,746 shares (52.74%). The disclosure was filed under Regulation 29(2) of SEBI Takeover Regulations, 2011. Total share capital remains unchanged at 62,48,240 equity shares of Rs. 10 each.
A promoter selling over 3% stake in the open market is generally seen as a negative signal, suggesting reduced confidence or a need to monetize holdings. Shareholders should note the steady reduction in promoter ownership, though the promoter remains comfortably above the majority threshold at 52.74%.