Premier Capital Services Limited saw a major promoter change as Pumarth Infrastructure Private Limited divested its entire 33.16% stake in an off-market transaction. The shares were transferred to three new entities, including Mr. Hitesh Kothari and Hargo Enterprise, resulting in the promoter's holding dropping to nil. Shareholders should track upcoming announcements regarding potential changes in company management and future strategic direction.
Premier Capital Services Promoter Completes Full Exit
1.22 crore equity shares representing 33.16% of total capital have been transferred. The promoter holding in the company now stands at zero percent.
Reader Takeaway: Promoter exit marks a complete management handover; investors should watch for leadership shifts and strategic updates.
What just happened
Premier Capital Services Limited received a disclosure under SEBI (SAST) regulations confirming that Pumarth Infrastructure Private Limited has offloaded its entire 33.16% stake in the company. The sale was executed off-market on September 11, 2026, following a Share Purchase Agreement originally signed in February 2025. The transaction marks the complete departure of the previous promoter group.
The stake transfer breakdown
The shares were acquired by three specific entities:
- Mr. Hitesh Kothari acquired 18,53,103 shares (5.00%).
- M/s Hitesh Kothari HUF acquired 33,35,596 shares (9.00%).
- M/s Hargo Enterprise Private Limited acquired 71,01,091 shares (19.16%).
What changes now
The total equity share capital of the company remains unchanged at Rs 3.70 crore, consisting of 3.70 crore shares of face value Rs 1 each. With the promoter stake now at zero, the incoming shareholders now hold significant equity positions. This shift is likely to precede changes in the board of directors or the overall strategic roadmap of the company.
What to track next
Investors should closely watch for mandatory filings regarding changes in the board composition, appointment of new key managerial personnel, and any potential shifts in the company's business model as the new significant shareholders assume control.