The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Devyani Pankaj Mishra & PACs
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Devyani Pankaj Mishra, part of the promoter group of Pratik Panels Limited along with Pankaj Chandrakant Mishra (Persons Acting in Concert), has disclosed a sale of 8,15,901 equity shares under SEBI SAST Regulation 29(2). The shares were sold on 8th August 2025 and 15th August 2025, bringing the promoter's holding from 7.28% down to nil — a complete exit by this promoter entity. The total equity share capital of the company is 6,38,98,500 shares of Re. 1 each. No encumbrance details or voting rights changes beyond the equity shares sold were reported.
This is a significant negative signal for retail investors — a promoter group member has fully exited the company, reducing promoter holding from 7.28% to zero. Complete promoter exits often raise concerns about confidence in the business and can exert downward pressure on the stock price.