Rajesh Power Services Promoter Jyotsna Ramesh Patel Sells 1,50,000 Equity Shares in Open Market

1 min read     Updated on 28 Mar 2026, 04:13 AM
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AI Summary

Promoter Jyotsna Ramesh Patel of Rajesh Power Services Limited sold 1,50,000 equity shares (0.83% stake) through open market on March 24, 2026. Her shareholding reduced from 6,08,000 shares (3.38%) to 4,58,000 shares (2.55%). The disclosure was filed under SEBI takeover regulations on March 27, 2026, with the company's total equity capital remaining at 18,007,392 shares of Rs. 10/- face value each.

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Rajesh power services Limited has received a disclosure from promoter Jyotsna Ramesh Patel regarding the sale of equity shares under SEBI takeover regulations. The disclosure was filed on March 27, 2026, pertaining to an open market transaction executed on March 24, 2026.

Transaction Details

Jyotsna Ramesh Patel sold 1,50,000 equity shares of face value Rs. 10/- each through open market sale. The transaction represents 0.83% of the company's total share capital and voting rights.

Transaction Parameter: Details
Number of Shares Sold: 1,50,000
Face Value per Share: Rs. 10/-
Transaction Date: March 24, 2026
Mode of Sale: Open Market
Percentage of Total Capital: 0.83%

Shareholding Pattern Changes

The sale has resulted in a reduction of the promoter's stake in the company. Jyotsna Ramesh Patel's shareholding has decreased from her previous holding to the current level following this transaction.

Shareholding Details: Before Transaction After Transaction
Number of Shares: 6,08,000 4,58,000
Percentage Holding: 3.38% 2.55%
Voting Rights: 3.38% 2.55%

Company Share Capital

The company's total equity share capital remains unchanged following this promoter sale transaction. The total diluted share capital and voting capital of the company stands at the same level before and after the transaction.

Share Capital Details: Information
Total Equity Shares: 18,007,392
Face Value: Rs. 10/- each
Listing Exchange: BSE Limited
BSE Scrip Code: 544291

Regulatory Compliance

The disclosure has been made in compliance with Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011. Jyotsna Ramesh Patel, residing at 16, Snehkunj Society, S M Road, Ambawadi, Ahmedabad, Gujarat, filed the disclosure as a promoter of the company. The transaction involved no encumbered shares, warrants, or convertible securities, representing a straightforward equity share sale in the open market.

Historical Stock Returns for Rajesh Power Services

1 Day5 Days1 Month6 Months1 Year5 Years
+5.11%+4.71%-4.13%-41.64%-6.10%+29.44%

Will other promoters follow suit and reduce their stakes, potentially signaling a broader exit strategy?

How might this promoter stake reduction impact institutional investor confidence and future fundraising plans?

Could this share sale indicate the company's preparation for a strategic partnership or acquisition deal?

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Rajesh Power Services Limited Reports Inter-se Transfer of Equity Shares Between Promoter Group Members

2 min read     Updated on 16 Mar 2026, 01:01 PM
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Rajesh Power Services Limited disclosed inter-se transfer of 7,00,000 equity shares between promoter group members through gift deed transactions on March 13, 2026. Daxesh Ramchandra Panchal disposed of 7,00,000 shares reducing his holding to 1.67%, while Kurang Ramchandra Panchal and Nehal Ramchandra Panchal each acquired 3,50,000 shares, increasing their holdings to 15.05% and 9.14% respectively. The company's total equity capital of Rs. 18,00,73,920/- remained unchanged.

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Rajesh Power Services Limited has disclosed an inter-se transfer of equity shares between promoter and promoter group members under Regulation 29(2) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The transaction involved the redistribution of shareholding among the promoter group through off-market gift deed arrangements executed on March 13, 2026.

Transaction Overview

The inter-se transfer involved a total of 7,00,000 equity shares being redistributed among three promoter group members. All transactions were conducted through off-market gift deed arrangements, representing a strategic reallocation of shareholding within the promoter group structure.

Transaction Details: Information
Transaction Date: March 13, 2026
Mode of Transfer: Off-market through Gift Deed
Total Shares Involved: 7,00,000
Exchange Listed: BSE Limited

Shareholding Changes

The transaction resulted in significant changes to the shareholding pattern among the promoter group members:

Daxesh Ramchandra Panchal (Disposal)

Shareholding Details: Before Transaction After Transaction Change
Number of Shares: 10,00,001 3,00,001 -7,00,000
Percentage Holding: 5.55% 1.67% -3.89%
Status: Promoter Group Member Promoter Group Member -

Kurang Ramchandra Panchal (Acquisition)

Shareholding Details: Before Transaction After Transaction Change
Number of Shares: 23,59,503 27,09,503 +3,50,000
Percentage Holding: 13.10% 15.05% +1.94%
Status: Promoter Promoter -

Nehal Ramchandra Panchal (Acquisition)

Shareholding Details: Before Transaction After Transaction Change
Number of Shares: 12,96,014 16,46,014 +3,50,000
Percentage Holding: 7.20% 9.14% +1.94%
Status: Promoter Group Member Promoter Group Member -

Company Capital Structure

The company's equity share capital structure remained unchanged following the inter-se transfer:

Capital Structure: Details
Total Equity Shares: 1,80,07,392
Face Value per Share: Rs. 10/-
Total Share Capital: Rs. 18,00,73,920/-
Listing Exchange: BSE Limited

Regulatory Compliance

The disclosure was made in compliance with Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The company filed the necessary documentation with BSE Limited, providing detailed information about the shareholding changes and transaction specifics. Company Secretary and Compliance Officer Jyoti Dakshesh Mochi signed the disclosure documents on behalf of the company on March 16, 2026.

Historical Stock Returns for Rajesh Power Services

1 Day5 Days1 Month6 Months1 Year5 Years
+5.11%+4.71%-4.13%-41.64%-6.10%+29.44%
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1 Year Returns:-6.10%