The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Jyotsna Ramesh Patel
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On the reaction day the stock moved 3.9 pts less than Nifty Microcap 250 and 4.3 pts less than its Other Utilities peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Promoter Jyotsna Ramesh Patel sold 158,000 equity shares (0.88% stake) in Rajesh Power Services Ltd through open market transactions on May 5, 2026. Before the sale, she held 4,58,000 shares (2.55%). After the sale, her holding reduced to 3,00,000 shares (1.67%). The total share capital of the company is approximately 1.80 crore shares with face value of Rs 10 each. The acquirer confirmed she belongs to the Promoter/Promoter Group. No pledges, encumbrances, or warrants were involved in this transaction.
This is a significant sale by a promoter reducing her stake by over a third of her holdings, which could signal lack of confidence to other shareholders. The sale was executed in the open market, suggesting liquidity exists but also that selling pressure may weigh on the stock near-term.