The Exchange has received the updates on revised disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for KLR Products Ltd
NACLIND · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
KLR Products Ltd, part of the promoter/promoter group of NACL Industries, has disclosed a revised update under SEBI SAST Regulations. Before the transaction, KLR Products held 11,36,23,500 shares (56.47% of share capital). Through an off-market transfer on August 8, 2025, it sold 10,68,96,146 shares (53.12% of share capital), reducing its post-transaction holding to just 67,27,354 shares (3.35% of share capital). The total equity share capital of NACL Industries remains at 20,14,24,812 shares. Shares were transferred off-market, suggesting a private deal with another entity rather than an open-market sale.
This is an extremely significant stake reduction by a promoter group entity - from majority control (56.47%) to a very small holding (3.35%). Retail investors should investigate who the counterparty is, as such a large off-market transfer usually indicates either internal promoter group restructuring or a strategic/financial investor entering the company. The stock could see significant volatility and negative sentiment on concerns about promoter exit.