The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Alkesh Patel & PACs
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Loyal Equipments Limited's Chairman and Managing Director, Alkesh Rameshchandra Patel, along with persons acting in concert (Hema Maheshkumar Patel, Patel Kalpeshbhai H, and Parul Alkeshbhai Patel), disclosed an open market purchase of 14,998 equity shares on May 27 and May 28, 2025. The shares were bought in three tranches: 6,500 shares on May 27, 2025, followed by 4,498 and 4,000 shares on May 28, 2025. The total promoter group holding increased from 70.44% to 70.57% of the company's equity share capital. The equity capital of the company remains at Rs. 10.79 crore divided into 1.07 crore shares of Rs. 10 each.
This is a modest promoter share purchase (0.14% increase) in the open market, signaling continued promoter confidence in the company. Since the promoter group already holds over 70%, this small acquisition is unlikely to materially impact the stock price but reassures retail investors of insider confidence.