The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Harshad Kantilal Patel HUF
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Harshad Kantilal Patel HUF, part of the promoter and promoter group of Pratiksha Chemicals Ltd, has sold 1,00,000 equity shares (1.79%) in the open market on June 3, 2025. After this disposal, the combined holding of the acquirer along with persons acting in concert has reduced from 18,12,139 shares (32.53%) to 17,12,139 shares (30.74%). The disclosure is filed under Regulation 29(2) of SEBI Takeover Regulations, 2011, which mandates reporting of any change in shareholding exceeding 1% by promoters. The total equity share capital of the company remains unchanged at 55,70,340 shares of Rs. 10 each.
Promoter selling in the open market is often viewed with caution by retail investors as it may indicate reduced promoter confidence or a need for liquidity. However, the sale size is modest (1.79%) and the promoter group still retains a significant stake of 30.74%, so the immediate impact on the stock may be limited.