The Exchange has received the disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Abhishek Harshad Patel
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Abhishek Harshad Patel, a member of the promoter group of Rishi Techtex Ltd, has disclosed an acquisition of 21,800 equity shares (0.295% of paid-up capital) under SEBI's Takeover Regulations. The shares were acquired off-market by way of a gift on June 18, 2025, with no cash consideration involved. Post-acquisition, his individual holding rose from 13.76% (10,17,095 shares) to 14.06% (10,38,895 shares). The total equity share capital of the company stands at ₹7.39 crore, unchanged by this transaction.
This is a non-cash, intra-promoter-group transfer that slightly consolidates the promoter's stake. Since the promoter holding remains well below 50% and the acquisition is marginal, there is no meaningful impact on minority shareholders or stock price.