Akash Sethi increases stake to 13.51% in Shree Pacetronix

1 min read     Updated on 10 Jun 2026, 06:14 PM
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Anirudha BScanX News Team
AI Summary

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 Day5 Days1 Month6 Months1 Year5 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?

Shree Pacetronix opens special window for physical share transfers

1 min read     Updated on 10 Jun 2026, 06:10 PM
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Reviewed by
Ashish TScanX News Team
AI Summary

Shree Pacetronix has announced a special window for the transfer and dematerialization of physical shares, open until February 4, 2027. This facility applies to shares traded before April 1, 2019, requiring original certificates for eligibility. Transferred shares will be credited in demat mode and subject to a one-year lock-in.

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Shree Pacetronix has opened a special window for the transfer and dematerialization of physical shares, providing shareholders an opportunity to regularize holdings bought or sold before April 1, 2019. The facility, which will remain open until February 4, 2027, follows a SEBI circular dated January 30, 2026, and aims to address pending transfer requests for physical securities.

The company specified that only requests accompanied by original share certificates, transfer deeds, and relevant supporting documents will be considered under this special window. Securities transferred through this process will be mandatorily credited to the transferee in dematerialized form and will be subject to a one-year lock-in period from the date of transfer registration. During this lock-in period, the securities cannot be transferred, lien-marked, or pledged.

Eligibility Criteria

Shareholders can determine their eligibility to lodge requests during the current window based on the execution date of the transfer deed and the availability of original security certificates. The company provided a matrix to clarify the applicability of the lodgement facility.

Execution Date of Transfer Deed Lodged for transfer before April 1, 2019? Original Security Certificate Available? Eligible to lodge in the current window?
Before April 1, 2019 No (it is fresh lodgement) Yes Yes
Before April 1, 2019 Yes (it was rejected/ returned earlier) Yes Yes
Before April 1, 2019 Yes No No
Before April 1, 2019 No No No

Contact Information

Shareholders with queries regarding the special window or the transfer process have been directed to contact the company's Registrar and Share Transfer Agents (RTA), Ankit Consultancy Pvt Ltd. Queries can be sent via email to investor@ankitonline.com or addressed to their office at 60, Electronic Complex, Pardeshipura, Indore (MP)-452010. Alternatively, shareholders may contact the company directly at pacetronix@hotmail.com for further assistance.

Historical Stock Returns for Shree Pacetronix

1 Day5 Days1 Month6 Months1 Year5 Years
+1.77%-4.12%-1.19%-37.79%+82.02%+1,276.95%

How will the mandatory one-year lock-in period on transferred shares impact liquidity for investors?

What are the potential penalties or consequences for shareholders who fail to regularize their holdings by the February 2027 deadline?

Could this special window lead to a surge in dematerialization requests, affecting the company's share transfer infrastructure?

More News on Shree Pacetronix

1 Year Returns:+82.02%