RGSPL sells 4.08% stake in Phychem Technologies via open market

1 min read | Published on 08 Sept 2026, 11:51 AM |Updated on 08 Sept 2026, 11:51 AM

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Key Highlights

Rajasthan Global Securities Pvt Ltd sold 4.08% stake in Phychem Technologies
Open market disposal occurred on September 7, 2026 on BSE SME platform
Combined holding with PAC LRSD Capital drops from 5.90% to 1.82%
Total shares held reduced from 6,04,000 to 1,86,000 units
No promoter group affiliation for the selling entities

*this image is generated using AI for illustrative purposes only.

Rajasthan Global Securities Private Limited (RGSPL) disposed of a 4.08% stake in Phychem Technologies Limited through an open market transaction on September 7, 2026.

The sale reduces the combined holding of RGSPL and its Person Acting in Concert (PAC), LRSD Capital Pvt Ltd (formerly LRSD Securities Pvt Ltd), to 1.82% of the total voting capital.

Transaction Details

The disposal was made under Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The shares were sold on the BSE SME platform.

Metric	Before Disposal	Disposal	After Disposal
Shares Held	6,04,000	4,18,000	1,86,000
Stake Percentage	5.90%	4.08%	1.82%

Neither RGSPL nor LRSD Capital belongs to the promoter or promoter group of Phychem Technologies. The target company’s total equity share capital remains unchanged at 1,02,40,000 equity shares of ₹10 each.

What the Numbers Show

The open market sale represents a significant reduction in exposure for the seller group. By offloading 4,18,000 shares, RGSPL and its PAC reduced their voting rights from 5.90% to 1.82%, retaining only 1,86,000 shares post-transaction. This indicates a strategic exit or substantial de-risking by the entity, leaving a residual minority stake without any encumbrances or pledges disclosed.

Will the reduction of RGSPL's stake below the 2% threshold trigger any specific disclosure exemptions or changes in regulatory oversight under SEBI regulations?

How might this significant exit by a financial investor impact Phychem Technologies' stock liquidity and price stability on the BSE SME platform?

Does this disposal signal a broader shift in sentiment towards small-cap chemical companies, or is it an isolated portfolio rebalancing move by RGSPL?