The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Gondalia Manthan Harsukh & PACs
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Mr. Gondalia Manthan Harsukh, along with persons acting in concert (PACs) from the Gondalia family, has filed a disclosure under SEBI SAST Regulation 29(2) for the acquisition of shares of Prashant India Limited by way of gift. The acquirer belongs to the Promoter Group. Post-acquisition, the holding stands at 1,25,300 equity shares representing 2.96% of the total voting share capital (share base of 4,23,55,443 equity shares of Rs. 10 each). The acquisition appears to be an internal family transfer by way of gift, with only 300 shares changing hands on 13th June, 2025. No encumbrance or pledge activity is indicated in this filing.
This is a minor intra-family promoter group transfer by way of gift and is unlikely to have any material impact on the share price or overall promoter shareholding of Prashant India Ltd. Shareholders should view this as routine internal promoter family restructuring.