The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Daxesh Ramchandra Panchal & Others
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Rajesh Power Services Ltd filed a SEBI SAST Reg 29(2) disclosure for an internal reshuffling of shares within the Panchal promoter family. On March 13, 2026, Daxesh Ramchandra Panchal (Promoter Group) disposed of 7,00,000 shares (3.89% of capital) off-market through a Gift Deed. Of these, 3,50,000 shares (1.94%) were received by Kurang Ramchandra Panchal (Promoter), taking his holding to 27,09,503 shares (15.05%), and 3,50,000 shares (1.94%) were received by Nehal Ramchandra Panchal (Promoter Group), taking her holding to 16,46,014 shares (9.14%). Daxesh's holding dropped from 10,00,001 shares (5.55%) to 3,00,001 shares (1.67%). The total promoter group shareholding remains unchanged as this is a mere inter-se transfer.
No impact on overall promoter group ownership or stock price — this is an internal gift-based reshuffle among family members. However, Kurang Panchal is now more concentrated as a key individual promoter, while Daxesh's influence within the group has reduced significantly.