The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Harish K Bhatt & PACs
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Awaiting price reaction for this filing.
Mr. Harish K. Bhatt, along with persons acting in concert (PACs), has sold 5,14,450 equity shares (9.24%) of Pratiksha Chemicals Ltd in the open market on 24 July 2025. Following this disposal, the promoter group's holding in the company stands reduced from 12,92,781 shares (23.20%) to 7,78,331 shares (13.97%) of the paid-up equity capital. The total equity share capital of the company remains unchanged at 55,70,340 shares of Rs. 10 each, aggregating to Rs. 5.57 crore. The disclosure was filed with BSE on 25 July 2025 by Mr. Bhatt as the seller. This is a substantial promoter stake reduction in a single transaction, nearly halving their existing shareholding.
This large open market sale by the promoter group may create negative sentiment around the stock, as it signals promoter disenchantment and reduces their skin-in-the-game. Retail investors should watch for follow-through price action and consider whether promoter conviction in the business is weakening.