Prabhusar Algotech Private Limited has filed a disclosure with BSE Limited regarding substantial changes in its shareholding pattern in Purshottam Investofin Limited. The disclosure, submitted on 03.02.2026 under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeover) Regulations, 2011, reveals a significant reduction in the company's stake.

Shareholding Changes Overview

The transaction involved Prabhusar Algotech Private Limited as the seller, along with persons acting in concert (PAC) Pramod Kumar Jain and Vinita Jain. The company clarified that the seller does not belong to the promoter or promoter group of Purshottam Investofin Limited.

Detailed Transaction Breakdown

The shareholding changes occurred through multiple transactions involving the seller and persons acting in concert:

Prabhusar Algotech Private Limited

• Initial holding: 412,939 shares (5.56%)
• Net sale: 412,843 shares (5.55%)
• Final holding: 96 shares (0.00%)

Pramod Kumar Jain

• Initial holding: 85,791 shares (1.15%)
• Net purchase: 3,950 shares (0.05%)
• Final holding: 89,741 shares (1.21%)

Vinita Jain

• Initial holding: 0 shares (0.00%)
• Net purchase: 102 shares (0.00%)
• Final holding: 102 shares (0.00%)

Transaction Timeline and Mode

The share transactions were executed through both open market and off-market sales over an extended period:

Prabhusar Algotech Private Limited transactions:

• 10,000 shares sold on 25.02.2025 (Open Market)
• 2,000 shares purchased on 12.03.2025 (Open Market)
• 30,000 shares sold on 20.03.2025 (Open Market)
• 52,000 shares sold on 20.03.2025 (Off Market)
• 29,842 shares sold on 24.03.2025 (Open Market)
• 293,001 shares sold on 03.02.2026 (Open Market)

Pramod Kumar Jain transactions:

• 2,000 shares purchased on 24.02.2025 (Open Market)
• 1,950 shares purchased on 25.02.2025 (Open Market)

Vinita Jain transactions:

• 102 shares purchased on 06.03.2025 (Open Market)

Company Capital Structure

Purshottam Investofin Limited's equity share capital remained unchanged throughout the transaction period. The company maintains a total equity share capital of Rs. 7,42,32,950, consisting of 7,423,295 equity shares of Rs. 10 each. The shares of Purshottam Investofin Limited are listed on BSE Limited.

Regulatory Compliance

The disclosure was signed by Pramod Kumar Jain, Director and Authorised Signatory of Prabhusar Algotech Private Limited. The filing ensures compliance with SEBI regulations regarding substantial acquisition and disposal of shares, maintaining transparency in shareholding changes for listed companies.

Purshottam Investofin Limited announced a significant leadership change in its finance department following a Board of Directors meeting held on December 16, 2025. The company executed a seamless CFO transition with both resignation and appointment taking effect on the same day.

Board Meeting Outcomes

The Board meeting, which commenced at 4:30 PM and concluded at 5:10 PM on December 16, 2025, addressed critical leadership changes in the company's financial management structure. The directors considered and approved two interconnected decisions regarding the Chief Financial Officer position.

Outgoing CFO Resignation

Mr. Suraj Kumar submitted his resignation from the position of Chief Financial Officer effective December 16, 2025, at the close of business hours. In his resignation letter, Kumar cited his decision to pursue other avenues in his professional career as the primary reason for leaving the company. He confirmed that no other material reasons existed beyond those stated for his departure.

Kumar expressed gratitude for the opportunity to work with Purshottam Investofin Limited and thanked the management for their cooperation throughout his employment tenure. He requested the company to file necessary resignation notices with the Registrar of Companies and inform stock exchanges as per regulatory requirements.

New CFO Appointment

The Board, acting on the recommendation of the Nomination Remuneration Committee, appointed Mr. Ravi Kumar Purohit (PAN: AFTPP0055J) as Chief Financial Officer and Whole-time Key Managerial Personnel. The appointment became effective December 16, 2025, at the close of business hours, ensuring no gap in financial leadership.

New CFO Profile and Responsibilities

Mr. Ravi Kumar Purohit brings relevant educational background as a Commerce graduate (B.Com) along with substantial experience and knowledge in multiple financial domains. His expertise spans financial planning and analysis, accounting, taxation, and auditing practices.

Under the terms of his appointment, Purohit will oversee all compliance-related financial matters and handle other related compliances, rules, and regulations applicable to the company from time to time. This comprehensive role positions him to manage the company's entire financial compliance framework.

Regulatory Compliance

The company fulfilled its disclosure obligations under SEBI (LODR) Regulations, 2015, read with SEBI Master Circular SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024. All relevant details regarding the CFO transition were properly documented and submitted to BSE Limited's Corporate Relationship Department as required under Regulation 30.