Prudent Corporate Advisory Services Limited has informed the Exchange regarding 'Disclosure Received From Mr. Sanjay Shah, Promoter Regarding Gift Of Shares To 657 Identified Individuals'.
PRUDENT · price
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On the reaction day the stock moved 1.7 pts less than Nifty Microcap 250 and 2.5 pts less than its Capital Markets peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Mr. Sanjay Shah, Founder, Managing Director and Promoter of Prudent Corporate Advisory Services, has gifted 164,907 equity shares worth Rs. 44.03 Crore (at the 20th June 2025 closing price) to 657 identified individuals, including employees and household staff. Each grantee received 251 shares, with no monetary consideration involved — it was a personal gesture of affection and appreciation. This gift represents 0.398% of the company's equity share capital and was transferred from his personal holding of 42.36%. Post-transfer, the promoter's stake has marginally reduced to approximately 41.96%. The company has complied with SEBI LODR regulations and SEBI exemption conditions for this transfer.
This is a minor reduction in promoter stake (well under 1%) with no financial cost to the company. It signals promoter goodwill towards employees and is unlikely to have a meaningful impact on the stock price. Promoter remains comfortably in control above 40%.