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 23,926 equity shares through the open market on 26th December 2025. Before this acquisition, he held 2,33,51,032 shares representing 40.55% of the company's equity. After the purchase, his holding has increased marginally to 2,33,74,958 shares, or 40.59% of the paid-up capital. The total share capital of the company stands at 5,75,72,401 equity shares of Rs. 2 each. This is a small acquisition of just 0.04% in stake, disclosed under SEBI's Takeover Regulations.
This is a minor promoter buy of only 0.04%, signalling promoter confidence but unlikely to move the stock price meaningfully. The promoter remains comfortably below the 50% threshold at 40.59%, so no takeover implications arise.