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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Mr. Harshadbhai K Patel, part of the promoter group of Pratiksha Chemicals Ltd, has disclosed a sale of 1,50,000 equity shares (2.69% of total share capital) in the open market on 29.05.2025 under SEBI SAST Regulations. The promoter group's combined holding along with persons acting in concert has reduced from 39.71% (22,12,139 shares) to 37.02% (20,62,139 shares) of the company's equity share capital of Rs. 5.57 crore (55,70,340 shares of Rs. 10 each). The sale was carried out through the Varun Family Trust. No encumbrance (pledge/lien) activity has been reported.
Promoter stake reduction of 2.69% in a single transaction may be viewed negatively by retail investors, as it signals a promoter exiting a portion of their holding in the open market. However, the promoter group continues to hold a significant 37.02% stake, and the total share capital is small (Rs. 5.57 cr), so this is not a control-threatening sale.