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 Pvt Ltd, sold 80,00,000 equity shares (1.35%) of Pro Fin Capital Services Ltd in the open market on 11 March 2026. Pre-sale holding was 6,71,00,000 shares (11.32%), which has now reduced to 5,91,00,000 shares (9.97%). The seller is explicitly classified as a non-promoter, non-PAC-of-promoter entity. The disclosure is filed under Regulation 29(2) of the SEBI Takeover Regulations, 2011.
The sale takes the seller's holding below the 10% disclosure threshold, which means they will no longer be required to file further SAST disclosures on small incremental changes. This is a non-promoter offload, so the direct implication for promoter-controlled equity or stock price is limited, though the 80 lakh share block hitting the open market may create some short-term supply pressure on this thinly-traded small-cap counter.