The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Niraj Nirmal Chamaria
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Niraj Nirmalkumar Chamaria, a member of the promoter group of Pro CLB Global Limited (formerly Provestment Services Limited, BSE scrip code 540703), sold 163,000 equity shares (3.19% of paid-up capital) through the open market on February 9, 2026. Following this sale, his holding in the company reduced from 7.24% (369,664 shares) to 4.05% (206,664 shares). The disclosure was filed under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011. The company's total equity capital remains unchanged at 51,03,000 shares of Rs. 10 face value.
This is a promoter offloading shares on the open market, which is typically viewed as a negative signal by retail investors and may weigh on short-term stock sentiment. Notably, the promoter's stake has now fallen below the 5% disclosure threshold, signaling a significant reduction in insider skin in the game.