Prabhhans Industries Limited submitted a regulatory disclosure under Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The filing concerns the sale of equity shares by Satnam Singh, the company's Managing Director & CFO (DIN: 09526002).
Transaction Details
First Transaction (Disclosed in initial filing):
- Satnam Singh sold 405,000 equity shares of face value ₹10 each through an off-market transaction on July 23, 2026.
- Prior to this sale, his holding stood at 2,308,180 shares, representing 36.94% of the total voting capital.
- Following the sale, his holding reduced to 1,903,180 shares, representing 30.46% of the total voting capital.
- The sale represented a reduction of 6.48% in voting rights.
Second Transaction (Disclosed in subsequent format):
- An additional sale of 319,906 equity shares is reported through an off-market transaction on July 24, 2026.
- This sale reduced the holding from 1,903,180 shares (30.46%) to 1,583,274 shares (25.34%).
- This transaction represented a reduction of 5.12% in voting rights.
Capital Structure
- The total paid-up equity share capital of the company remained unchanged at ₹6,24,82,400, comprising 62,48,240 equity shares of face value ₹10 each throughout both transactions.
- The total diluted share/voting capital also remained unchanged at ₹6,24,82,400, with no outstanding convertible securities, warrants, or other instruments noted.
- No shares were held under any encumbrance (pledge/lien/non-disposal undertaking) before or after the transactions.
Documentation
- The company's registered office is at Plot No.270E/A, MCH No.985, Road No.10, Jubilee Hills, Hyderabad, Telangana-500033.