The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Harshadbhai K Patel & PACs
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On the reaction day the stock moved 2.9 pts less than Nifty Microcap 250 and 2.5 pts less than its Specialty Chemicals peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Mr. Harshadbhai K Patel, part of the promoter group of Pratiksha Chemicals Ltd, has sold 1,00,000 equity shares (1.80% of paid-up capital) in the open market on 29 August 2025. Along with persons acting in concert (Harshad Kantilal Patel HUF, Mukesh Chinubhai Shah, and Kantilal Patel), his combined holding has come down from 4,82,841 shares (8.67%) to 3,82,841 shares (6.87%). The disclosure was filed under Regulation 29(2) of SEBI's Takeover Regulations, which applies when a promoter changes their stake by more than 2% in a quarter or crosses the 5% threshold. The total equity share capital remains unchanged at 55.70 lakh shares of Rs. 10 each.
A promoter trimming stake in the open market is generally viewed as a mild negative signal by retail investors, as it reduces the promoter's skin in the game. However, the sale size is modest and the promoter continues to hold a meaningful 6.87% stake, so the direct price impact is likely limited.