The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Patel Jayantilal Somabhai HUF & PACs
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Patel Jayantilal Somabhai HUF, along with 10 Persons Acting in Concert (PACs) belonging to the promoter group, has disclosed the purchase of 27,357 equity shares of Promact Impex Limited on 1st September 2025 through an off-market transaction. The acquirer's individual stake rose from 5.06% (3,29,480 shares) to 5.48% (3,56,837 shares), an increase of 0.42%. The combined promoter group holding increased from 39.00% to 39.42% of the company's equity capital. Total share capital stands at 65,11,800 shares of Rs. 10 each. No encumbrance, warrants, or convertible securities were involved.
This is a positive signal for retail investors as promoters are increasing their stake in the company, indicating confidence in the business. The off-market nature suggests a private transaction rather than open-market buying, but it still strengthens promoter control.