The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Harsukhbhai Gondalia & PACs
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Harsukhbhai Mohanbhai Gondalia, part of the promoter group of Prashant India Limited along with several Persons Acting in Concert (PACs), has disclosed a transfer of shares by way of gift dated 13 June 2025. His holding came down from roughly 1,29,288 equity shares to about 42,880 equity shares, representing a small fraction of the company's total equity capital of around 2.35 crore shares. No cash consideration changed hands — the transfer was structured as a gift, which is a common estate/reorganisation move within promoter families. The disclosure has been filed under Regulation 29(2) of the SEBI Takeover Regulations to keep the exchange informed of the change.
This is an internal promoter-group reshuffle with no market participation and negligible change in overall promoter shareholding, so there is no meaningful impact on shareholders or stock price.