The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Jayesh Patel & PACs
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Mr. Jayesh Patel, part of the promoter group of Pratiksha Chemicals Ltd, along with Persons Acting in Concert (PACs), sold 50,000 equity shares in the open market on 28 May 2025. The sale represents 0.90% of the company's total equity share capital (which stands at 55.70 lakh shares of Rs 10 each). Before the sale, the promoter group's combined holding was 23,12,139 shares (41.51%); after the sale, it stands at 22,62,139 shares (40.61%). The disclosure was filed with BSE on 30 May 2025 under Regulation 29(2) of SEBI's Takeover Regulations. There are no encumbered shares (pledges) involved in this transaction.
The promoter holding has now dropped to 40.61%, below the 50% mark, meaning the promoter group no longer holds a majority stake in Pratiksha Chemicals. While this individual sale is small (0.90%), continued selling from this level could further dilute promoter influence and weaken governance signals for minority shareholders.