The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Prakash Bhoorchand Shah
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Promoter Prakash Bhoorchand Shah has fully exited his stake in Tandhan Industries Ltd by selling all 4,74,350 shares he held (0.95% of total share capital, 0.82% on a diluted basis) on 24th February 2026. The sale was carried out off-market under a Share Purchase Agreement (SPA) dated 29th August 2025, bringing his shareholding to zero. The disclosure was filed under SEBI Takeover Regulations (Reg 29(2)) on 25th February 2026. The company's total diluted share capital stands at Rs 57.59 crore (5,75,97,500 equity shares of Rs 10 each) after this transaction.
This is a complete exit by a promoter, which may be viewed negatively by retail investors as it reduces promoter skin-in-the-game. However, the small size of the holding (under 1%) limits any meaningful impact on stock price or control dynamics.