The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Prashant Natwarlal Lakhani
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Awaiting price reaction for this filing.
Prashant Natwarlal Lakhani, part of the promoter group of Shree Krishna Infrastructure Ltd, sold 36,63,763 shares (33.31% of the company) in the open market on 15 October 2025. His holding dropped sharply from 47,06,263 shares (42.78%) to just 10,42,500 shares (9.48%). The total equity share capital remains unchanged at 1.10 crore shares of Rs 10 each. This is a very large open-market exit by a promoter in a single transaction.
This is a significant negative signal — the promoter has reduced his stake from 42.78% to under 10%, effectively exiting his controlling position. Shareholders should expect heightened price volatility and reduced promoter skin-in-the-game going forward. Existing retail investors may view this as a lack of confidence by the promoter in the company's near-term prospects.