The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for N R Panicker
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Mr. N R Panicker, a promoter of Accel Limited, has acquired 20,000 equity shares (0.03% of total share capital) through open market purchases on 18th December 2025. Prior to this acquisition, his holding stood at 2,32,81,032 shares (40.44%), and post-acquisition it has risen marginally to 2,33,01,032 shares (40.47%). The total equity share capital of the company is 5,75,72,401 shares of Rs. 2 each. The disclosure was filed under Regulation 29(2) of the SEBI Takeover Regulations, 2011.
This is a small, confidence-building buy by a promoter in the open market. The marginal 0.03% increase in promoter holding is too small to materially affect stock price or control, but signals promoter faith in the company. The promoter remains well below the 50% majority threshold at 40.47%.