The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Kedar Vaze & PACs
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On the reaction day the stock moved 0.1 pts more than Nifty Microcap 250 and 0.3 pts more than its Specialty Chemicals peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Kedar Vaze, a promoter of S H Kelkar and Company, sold 8,46,424 shares (0.61% of equity) through open market transactions on June 26, 27, and 30, 2025. This reduced his personal holding from 10.77% (1.49 crore shares) to 10.16% (1.41 crore shares). The total promoter group holding came down marginally from 55.48% to 54.87%. The sale was disclosed under SEBI's Takeover Regulations. No change was reported in the existing pledge of 43 lakh shares (11.22% of paid-up capital) held by the promoter group.
This is a small promoter sell-off that has only marginally reduced the promoter group's already controlling stake, which remains comfortably above 50%. For retail investors, the impact is limited and unlikely to materially affect stock price, though continuous small sales by promoters can be monitored as a sentiment signal.