The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Pankaj Chandrakant Mishra & PACs
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Awaiting price reaction for this filing.
Mr. Pankaj Chandrakant Mishra, a promoter of Pratik Panels Ltd along with PAC (Devyani Pankaj Mishra), has disclosed a sale of 7,15,472 equity shares under SEBI SAST Regulation 29(2). Before the sale, the promoter held 7,15,472 shares representing 7.72% of the company's equity capital (total equity share capital: 6,38,98,500 shares of Rs. 1 each). After the sale dated 18th August 2025, his holding has reduced to Nil, meaning a complete exit from the company. The disclosure was filed by the company's Director & CFO Kiran Madhukar Devhare on 20th August 2025.
This is a significant negative signal for retail investors — the promoter has fully exited his stake, which could weigh on stock sentiment and raise concerns about future direction. Shareholders should watch for any further disclosures from remaining promoters regarding their holding.