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, a promoter of Pratiksha Chemicals Ltd, sold 89,232 shares (1.60%) in the open market on 02.09.2025. His holding along with persons acting in concert (PACs) — Harshad Kantilal Patel HUF, Mukesh Chinubhai Shah, and Kantilal Patel — fell from 2,82,841 shares (5.08%) to 1,93,609 shares (3.48%). The shares were sold on BSE, where the company is listed. The total equity share capital of the company remained unchanged at 55,70,340 shares of Rs. 10 each. This disclosure was filed under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011.
This is a promoter selling shares in the open market, which is generally viewed negatively by retail investors as it can signal reduced promoter confidence or an exit. With the promoter's stake now at 3.48%, it is approaching a level where further sales could significantly dilute their influence in the company.