The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Ramesh Sawalram Saraogi & PAC
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Awaiting price reaction for this filing.
Ramesh Sawalram Saraogi, along with Person Acting in Concert (PAC) Navratri Share Trading Private Limited, sold 69,00,000 equity shares of Pro Fin Capital Services Ltd in the open market on February 23, 2026. The transaction represents about 1.16% of the company's paid-up equity capital (per the main disclosure table; the annexure notes 1.40%, likely a calculation error). Following the sale, the combined holding of Saraogi and PAC has come down from 12.49% (7.40 crore shares) to 11.32% (6.71 crore shares). The disclosure is filed under Regulation 29(2) of the SEBI Takeover Code and explicitly states that the seller is NOT part of the promoter/promoter group. The company's total equity capital remains unchanged at Rs. 59.26 crore (59,25,94,326 shares of face value Rs. 1 each).
Although the seller is not a promoter, the reduction in a large non-promoter shareholder's stake above 10% could add mild supply-side pressure on the stock. Retail investors should watch for further disclosures, as continued selling by this holder may weigh on short-term sentiment.