The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Pasupati Spinning & Weaving Mills Ltd
Awaiting price reaction for this filing.
Pasupati Spinning & Weaving Mills Ltd, the promoter of Pasupati Fincap Ltd, has sold its entire holding of 1,60,000 equity shares (3.40% of paid-up capital) through an off-market sale on 5 June 2025. Prior to the sale, the promoter held 1,60,000 shares (3.40%); after the sale, its holding has dropped to NIL, marking a complete exit by the promoter entity from Pasupati Fincap. The total equity share capital of Pasupati Fincap remains unchanged at 47,00,000 shares of Rs.10 each. The disclosure was filed under Regulation 29(2) of SEBI (SAST) Regulations, 2011.
This represents a full promoter exit from Pasupati Fincap Ltd, which could be perceived negatively as it removes promoter skin-in-the-game and may raise governance concerns. Shareholders should monitor for any further disclosures regarding change in control or new promoter induction.