The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Bhagwati Prasad Jalan & Others
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Promoter group members of Nilachal Refractories Ltd are reshuffling shareholdings among themselves through off-market transactions scheduled for 10th March 2026. Major transfers include: Pankaj Jalan receiving 3,67,000 shares (1.80%) from Piyush Jalan; Bhagwati Prasad Jalan receiving 5,50,584 shares (2.70%) from Bela Jalan; Niraj Jalan receiving 6,40,000 shares (3.14%) from Bela Jalan; and Bhagwati Prasad Jalan & Sons HUF receiving 75,000 shares from D.P. Jalan & Other HUF. The combined holding of the acquiring promoter group will rise from 16,32,584 shares (8.01%) to 26,87,584 shares (13.20%) post-transfer. The company's total equity share capital is 2,03,61,450 shares. The disclosure is filed under SEBI SAST Regulation 29(2), as individual transfers crossed the 2% disclosure threshold.
This is purely an internal reshuffling within the promoter family and HUFs — total promoter group ownership of the company remains unchanged, so there is no material impact on stock price or minority shareholders. Investors should view this as housekeeping, not a change in promoter control or voting power.