Akash Sethi increases stake to 13.51% in Shree Pacetronix
Promoter Akash Sethi acquired 1.78 lakh shares in Shree Pacetronix via off-market transfer on June 08, 2026, increasing his holding to 13.51% of the total voting capital.

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Akash Sethi, Promoter & Joint Managing Director of Shree Pacetronix Limited , has increased his stake in the company by acquiring 1,78,000 equity shares on June 08, 2026. The acquisition, executed through an off-market transfer from Bio Pace Technology INC, was disclosed to BSE Limited under Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. This transaction alters the shareholding structure of the target company, raising Sethi's ownership significantly.
Prior to the acquisition, Sethi held 3,28,471 shares carrying voting rights, which accounted for 8.76% of the total share capital. The recent purchase of 1,78,000 shares has increased his direct equity holding to 5,06,471 shares. This new figure represents 13.51% of the total voting capital of Shree Pacetronix Limited. The total equity share capital of the company remains at ₹ 3,74,97,000, consisting of 37,49,700 equity shares of ₹10 each fully paid.
Shareholding Details
The disclosure outlines the shift in ownership percentages before and after the transaction. The acquisition also impacts the diluted shareholding calculations, which include the conversion of warrants into equity shares. The total diluted share capital post-acquisition stands at ₹ 3,90,00,000, comprising 39,00,000 equity shares.
| Description | Number of Shares | % of Total Share Capital | % of Diluted Share Capital |
|---|---|---|---|
| Holding Before Acquisition | |||
| Shares carrying voting rights | 3,28,471 | 8.76 | 8.42 |
| Warrants/convertible securities | 1,50,300 | N.A. | 3.85 |
| Total | 4,78,771 | - | 12.28 |
| Acquisition Details | |||
| Shares acquired | 1,78,000 | 4.75 | 4.56 |
| Holding After Acquisition | |||
| Shares carrying voting rights | 5,06,471 | 13.51 | 12.99 |
| Warrants/convertible securities | 1,50,300 | N.A. | 3.85 |
| Total | 6,56,771 | N.A. | 16.84 |
Regulatory Context
The transaction was completed via an off-market mechanism, distinct from open market operations or public issues. Sethi confirmed that there are no shares held in the nature of encumbrance such as pledge or lien, nor are there any voting rights held otherwise than by equity shares. The disclosure was submitted to the exchange on June 10, 2026, from Pithampur, Madhya Pradesh, to ensure compliance with regulatory norms governing substantial acquisitions.
Historical Stock Returns for Shree Pacetronix
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +1.77% | -4.12% | -1.19% | -37.79% | +82.02% | +1,276.95% |
Does this significant stake increase signal potential strategic shifts or upcoming expansion plans for Shree Pacetronix?
How will the off-market transfer from Bio Pace Technology INC impact the company's future business relationships or partnerships?
Is Akash Sethi likely to continue increasing his stake to approach the threshold for a mandatory open offer?

































