The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Harshadbhai K Patel
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Harshadbhai K Patel, a member of the promoter group of Pratiksha Chemicals Ltd, has sold 1,50,000 equity shares (2.69% of total share capital) through the open market on 02.06.2025. Before the sale, the promoter along with persons acting in concert (PACs) held 19,62,139 shares (35.22%); after the sale, their holding has come down to 18,12,139 shares (32.53%). The transaction was carried out on the BSE where the stock is listed. No encumbrance or pledge activity was involved in this disclosure.
This is a promoter-group offloading of nearly 2.7% stake in the open market, which is generally viewed as a negative signal by retail investors as it reduces promoter skin in the game and may pressure the stock price in the short term.