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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Mrs. Devyani Pankaj Mishra, who belongs to the promoter group of Pratik Panels Ltd, has sold her entire holding of 8,15,901 equity shares (1.28% of the company's share capital) in the open market. The sale was executed on 8th August 2025 and 19th August 2025. After this transaction, her holding in the company stands at zero. The disclosure has been filed under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, and Pankaj Chandrakant Mishra is mentioned as the Person Acting in Concert (PAC). The total equity share capital of Pratik Panels Ltd is 6,38,98,500 shares of Rs. 1 each. The shares were sold in the open market.
A complete exit by a promoter is generally seen as a negative signal, suggesting reduced insider confidence in the company. However, since the stake sold is only 1.28%, the direct impact on share price may be limited, but retail investors should watch for further stake changes among other promoters.