Millworks Technologies disclosed that Pace Stock Broking Services Private Limited, along with its Person Acting in Concert (PAC), Shine Star Build-Cap Private Limited, reduced their aggregate shareholding in the company by more than 2% through open market transactions.

The reduction was triggered on August 21, 2026, prompting the acquirer to file a disclosure under Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The transaction involved both purchase and sale activities between July 27, 2026, and August 21, 2026, resulting in a net decrease in voting rights held by the group.

Shareholding Changes

Before the transactions, the acquirer and its PAC held 11,16,800 equity shares, representing 6.34% of the total voting capital of Millworks Technologies. Following the open market sales, their holding dropped to 6,92,800 shares, or 3.93% of the total voting capital.

The net reduction of 4,24,000 shares constitutes a 2.41% decrease in the total diluted share capital of the target company. No encumbrances, pledges, or convertible securities were involved in these transactions.

Regulatory Details

Millworks Technologies has an equity share capital of 17,614,755 shares with a face value of ₹10 each. The total voting capital remained unchanged after the transaction. The acquirer confirmed that neither Pace Stock Broking Services nor Shine Star Build-Cap belongs to the promoter group of the target company.

The disclosure was signed by Atul Goel, Director of Pace Stock Broking Services, and Naveen Saini, CEO of Shine Star Build-Cap Private Limited, on August 25, 2026.

Millworks Technologies Limited concluded a virtual group investors meeting on Friday, August 21, 2026. The session involved 13 institutional participants and lasted from 4:00 pm to 5:15 pm.

The management team, comprising Managing Director Mr. Sridhar Acharya and Investor Relations Officer Ms. Tejaswini S, engaged with the investors. The company disclosed the outcome pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Meeting Participants

The following organizations participated in the virtual interaction:

• KIIFS Trade Capital
• Nova Orbit
• iThought PMS
• Sagun Capital
• Wallfort PMS
• CAO Capital
• NV Alpha Fund
• Piper Serica
• Finavenue
• Pune E-stock Broking
• Elara Capital
• Vanilla Consultant
• Alom Securities

Discussion Overview

During the interaction, the management provided an overview of the company's business operations, industry outlook, and growth strategy. Topics covered included financial performance, operational developments, and future business prospects.

Millworks Technologies emphasized that no unpublished price-sensitive information (UPSI) was shared or discussed during the session. The disclosure was filed with the Bombay Stock Exchange on August 21, 2026.