The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Ashish Kacholia & PACs
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Ashish Kacholia, along with his Persons Acting in Concert (Himalaya Finance & Investment Company), sold 5,93,272 equity shares of Universal Autofoundry Ltd through open market between 30 December 2024 and 10 June 2025. This represents a 4.77% reduction in shareholding. His holding dropped from 8,87,683 shares (7.14%) before the sale to 2,94,411 shares (2.37%) after the sale. Kacholia is not a promoter of the company; he is an external investor. The shares were listed on BSE, and the total equity share capital remained unchanged at 1,24,34,500 shares.
A well-known investor sharply trimming his stake by roughly two-thirds is often read as a bearish signal by retail investors and may weigh on short-term sentiment, though it is an open-market sale by a non-promoter and not a promoter exit.