The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Securocrop Securities India Pvt Ltd & PACs
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Securocrop Securities India Pvt Ltd, along with its Persons Acting in Concert (PACs) including Race EcoChain Ltd, BLP Equity Research Pvt Ltd, and Sangeeta Pareekh, has disclosed a sale of equity shares of Prime Industries Ltd under SEBI SAST Regulations. The sale was made in the open market on March 28, 2025, by Securocrop Securities, which offloaded 3,58,129 shares (1.71% of total equity). Before the sale, the combined group held 52,45,704 shares (24.98%), and after the sale, the holding stands reduced to 48,87,575 shares (23.27%). Race EcoChain remains the largest holder in the group with 20.71% (43,50,000 shares), unchanged. The disclosure clarifies that the acquirers do not belong to the Promoter/Promoter group of Prime Industries Ltd.
The open market sale by a significant non-promoter shareholder group signals a trimming of exposure in Prime Industries. However, since the selling entity is not a promoter, the direct impact on promoter holding or stock price may be limited, though it could create temporary supply pressure on the stock.