The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Ramesh Sawalram Saraogi
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Ramesh Sawalram Saraogi (along with PAC Navratri Share Trading Private Limited), who is not part of the promoter/promoter group, sold 2,21,00,000 equity shares (3.73% of total share capital) of Pro Fin Capital Services Ltd in the open market on 27 March 2026. His pre-sale holding along with PACs was 5,91,00,000 shares (9.97%), which has now reduced to 3,70,00,000 shares (6.24%). The total equity share capital of the company remains unchanged at 59,25,94,326 shares of Rs. 1 each. The disclosure was filed under SEBI Takeover Regulations because the sale crossed the 2% reporting threshold for non-promoters in a financial year.
A non-promoter shareholder cutting his stake from 9.97% to 6.24% via open market sale signals reduced confidence or a portfolio rebalancing by a significant holder. While the float technically increases, the selling pressure from a large holder may weigh on short-term sentiment for this small-cap stock.