The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Pratik Sheth
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Awaiting price reaction for this filing.
Pratik Sheth, along with PAC Jinal Sheth, disclosed an acquisition in UR Sugar Industries Ltd under SEBI's Takeover Regulations. Their combined holding rose from 3,24,000 shares (0.62%) to 28,01,138 shares (5.34%) of the company. The acquisition of 24,77,138 shares by Pratik Sheth was effected through transmission (likely inheritance/transfer from a deceased holder) on 3 June 2025. The acquirer is not part of the promoter/promoter group. Post-acquisition, Pratik Sheth holds 4.97% and Jinal Sheth holds 0.37% in the company.
This is a non-promoter acquisition that crosses the 5% disclosure threshold, triggering the SAST filing requirement. Since it is a transmission (not an open market purchase), it likely has limited impact on stock price but indicates a change in the non-promoter shareholder base.