The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Tapovan Paper and Board Mills Ltd & Others

Ownership Changes View source PDF Explain this filing

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Price reactionminutes from the announcement price · days from the prior close

+1.6%Reaction day

₹60.05

prior close

₹61.00

announcement price

In-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+0.4%+1.2% vs market

Paper & Paper Products peers, median of 37sector+0.0%+1.6% vs sector

On the reaction day the stock moved 1.2 pts more than Nifty Microcap 250 and 1.6 pts more than its Paper & Paper Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

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Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+1.6+0.4+1.2+0.0+1.6

Next day

+2.4+0.3+2.1-0.1+2.5

+1.6-0.1+1.7-1.4+2.9

+0.2-1.4+1.7-2.5+2.7

+0.6-4.1+4.7-4.2+4.8

-0.2-4.8+4.6-5.1+4.8

-1.7-5.4+3.7-5.2+3.4

15d

+4.9+0.7+4.2-4.7+9.6

-1.0+0.9-1.9-0.4-0.6

-22.5-9.1-13.3-12.5-10.0

-10.4-1.2-9.2-5.1-5.4

UpDownMarket · Nifty Microcap 250Sector · Paper & Paper Products peers, median of 37Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Tapovan Paper and Board Mills Ltd, along with three transferor companies (Jeevan Farms Pvt Ltd, Paresh Farms Pvt Ltd, and Prabha Farms Pvt Ltd), has filed a disclosure under SEBI Takeover Regulations regarding an internal share transfer. Pursuant to a scheme of amalgamation sanctioned by NCLT on November 26, 2025, the three transferor companies have merged into Tapovan Paper and Board Mills Ltd. As a result, 134,585 equity shares (0.71%) of Nath Industries held by these transferor companies now vest in Tapovan Paper and Board Mills Ltd. Tapovan Paper's direct holding in Nath Industries rises from 10,00,000 shares (5.26%) to 11,34,585 shares (5.97%). The total promoter group shareholding remains unchanged at 73.71% before and after the transfer, confirming this is purely an internal reorganization with no impact on overall promoter control.

Likely market impact

This is a cosmetic change with no impact on shareholders — the promoter group's collective stake stays at 73.71%, so there is no change in control, no new acquisition from the market, and no dilution for minority shareholders.