The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Krunal Daxesh Panchal & Others
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Rajesh Power Services Ltd disclosed an inter se transfer of equity shares among its promoter and promoter group members, executed off-market through a Gift Deed on February 3, 2026. Krunal Daxesh Panchal sold his entire meaningful holding of 6,50,000 shares (3.61%), leaving him with just 16,666 shares (0.09%). His father Daxesh Ramchandra Panchal first acquired those 6,50,000 shares (rising from 8.09% to 11.70%), and then redistributed 11,07,206 shares (6.15%) by gifting 5,53,603 shares each to Kurang Ramchandra Panchal (rising to 13.10%) and Nehal Ramchandra Panchal (rising to 7.20%). Total share capital of the company remains unchanged at 1,80,07,392 equity shares. This is essentially a family-level reshuffle of promoter holdings with no change in overall promoter group stake.
Since this is an internal family transfer (Gift Deed) among promoter and promoter group members, the consolidated promoter shareholding remains unchanged, so there is no real impact on the stock price or minority shareholders. It is a housekeeping restructuring, likely for succession or estate planning within the Panchal family.