The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Harish K Bhatt & PACs
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On the reaction day the stock moved 6.3 pts more than Nifty Microcap 250 and 6.0 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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Harish K. Bhatt, along with persons acting in concert (PACs), has sold 1,25,640 equity shares (2.26%) of Pratiksha Chemicals Ltd in the open market on 22 July 2025. This is part of a larger block under the promoter group, which previously held 14,18,421 shares (25.46%) and now holds 12,92,781 shares (23.20%) after the sale. The transaction was carried out entirely through open market dealings, with no change in the company's total share capital of 55,70,340 equity shares. The disclosure was filed with BSE on 24 July 2025 under the substantial acquisition and takeover regulations.
This open market sale by a promoter reduces the promoter group's stake from 25.46% to 23.20%, which is a moderate dilution of about 2.26%. Retail investors may interpret this as a mild negative signal, as promoter selling can indicate a change in confidence, though the stake remains well above regulatory thresholds.