The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Alkesh Rameshchandra Patel
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Alkesh Rameshchandra Patel, Chairman and Managing Director of Loyal Equipments Ltd, purchased 11,401 equity shares (6,201 on June 2, 2025 and 5,200 on June 3, 2025) through open market transactions. His individual holding rose from 75,64,938 shares (70.11%) to 75,76,339 shares (70.22%), an increase of 0.11%. Together with persons acting in concert (Hema Maheshkumar Patel, Patel Kalpeshbhai H, and Parul Alkeshbhai Patel), the promoter group's combined holding moved from 70.57% to 70.68%. The company is listed on the BSE SME platform with a total equity capital of Rs. 10.79 crore (1,07,90,000 shares of Rs. 10 each).
This is a small open-market purchase by the promoter that signals continued confidence in the company. Given the modest size (0.11% increase), it is unlikely to materially move the stock price, but it reinforces promoter ownership strength above 70%.