Hitesh Kawa Group Increases Stake in Prodocs Solutions to 5.15% Through Share Acquisition
Hitesh Natwarlal Kawa and his persons acting in concert have increased their collective shareholding in Prodocs Solutions Ltd from 2.50% to 5.15% through the acquisition of 1,87,000 shares. The acquisition was completed through IPO participation and open market purchases during December 2025 to March 2026, with the formal SEBI disclosure filed under substantial acquisition regulations.
*this image is generated using AI for illustrative purposes only.
Prodocs Solutions Ltd has received a disclosure under SEBI's substantial acquisition regulations from Hitesh Natwarlal Kawa and his persons acting in concert (PACs). The group has increased their collective shareholding in the BSE-listed company from 2.50% to 5.15% through a strategic acquisition of 1,87,000 shares.
Acquisition Details
The share acquisition took place during the period from 12th December 2025 to 12th March 2026 through IPO participation and open market purchases. The transaction involved multiple members of the Kawa group, with varying levels of participation.
| Acquirer: | Shares Acquired | Percentage |
|---|---|---|
| Hitesh Natwarlal Kawa: | 1,22,000 | 1.73% |
| Roopal Hitesh Kawa: | 65,000 | 0.92% |
| Hitesh N Kawa HUF: | 0 | 0.00% |
| Natwarlal K Kawa: | 0 | 0.00% |
| Insightloop Services Private Limited: | 0 | 0.00% |
| Total Acquisition: | 1,87,000 | 2.65% |
Pre and Post-Acquisition Holdings
Before the acquisition, the Kawa group held a total of 1,76,000 shares representing 2.50% of the company's equity. Post-acquisition, their combined holding has increased to 3,63,000 shares, constituting 5.15% of the total shareholding.
Individual Holdings After Acquisition
| Stakeholder: | Shares Held | Percentage |
|---|---|---|
| Hitesh Natwarlal Kawa: | 2,91,000 | 4.13% |
| Roopal Hitesh Kawa: | 65,000 | 0.92% |
| Hitesh N Kawa HUF: | 2,000 | 0.03% |
| Natwarlal K Kawa: | 2,000 | 0.03% |
| Insightloop Services Private Limited: | 3,000 | 0.04% |
| Combined Total: | 3,63,000 | 5.15% |
Company Structure
Prodocs Solutions Ltd maintains its equity share capital at ₹7,05,00,000, divided into 70,50,000 equity shares of ₹10 each. The company's shares are listed on BSE Limited, and the recent acquisition does not affect the total share capital structure.
Regulatory Compliance
The disclosure was filed under Regulation 29(1) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The acquirer group clarified that they do not belong to the promoter or promoter group category. The acquisition involved only equity shares carrying voting rights, with no encumbrances, warrants, or convertible securities involved in the transaction.
The formal disclosure was signed by Hitesh Natwarlal Kawa as the primary acquirer on 13th March 2026 from Mumbai, representing the entire group of persons acting in concert.
Historical Stock Returns for Prodocs Solutions
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -100.00% | -100.00% | -100.00% | -100.00% | -100.00% | -100.00% |
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