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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On the reaction day the stock moved 0.6 pts more than Nifty Microcap 250 and 0.7 pts more 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 (along with PACs Harshadkantilal Patel HUF, Mukesh Chinubhai Shah and Kantilal Patel), sold 1,00,000 equity shares in the open market on 1 September 2025. The sale represents 1.80% of the company's total share/voting capital. As a result, the acquirer's combined holding dropped from 3,82,841 shares (6.87%) to 2,82,841 shares (5.08%). The total equity share capital of the company remains unchanged at 55,70,340 shares of Rs. 10 each.
This is a promoter-group offloading of about 1.80% stake in the open market, which is a mildly negative signal for retail investors as it indicates the promoter is reducing exposure, though the holding remains above the 5% mark.