The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Kantilal Patel (Varun Family Trust)
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Pratiksha Chemicals Ltd received a disclosure under SEBI Takeover Regulations from Kantilal Patel, acting through M/s Varun Family Trust (part of the promoter group), regarding the open-market sale of 50,000 equity shares (0.90% of total share capital) on 2 June 2025. The promoter group's aggregate holding, which also includes PACs such as Harish K. Bhatt, Harshadbhai K Patel, Jayesh Patel and others, fell from 36.12% (20,12,139 shares) to 35.22% (19,62,139 shares). The company's total equity share capital remains unchanged at 55,70,340 shares of Rs. 10 each. No encumbrance (pledge/lien) activity was reported, and the transaction was carried out entirely on the open market.
This is a small promoter offloading — just under the 1% threshold — and is unlikely to shake investor confidence materially, though some may read it as mild profit-booking by the promoter family. The promoter group's holding remains comfortable at 35.22% post-sale.