The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Vimal Prakash HUF
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SSFAL Speciality Alloys Limited, a promoter group entity acting in concert with Vimal Prakash HUF, has sold its entire stake of 3,62,500 shares (1.78% of total share capital) in Nilachal Refractories Limited. The transaction was conducted via off-market route on 22 April 2026. Before the sale, the acquirer held 1.78% including encumbered shares. After the transaction, the acquirer's holding has reduced to 0%, meaning complete exit from the company. The acquirer confirmed they belong to the Promoter/Promoter group category.
Promoter group entity SSFAL Speciality Alloys Limited has fully exited Nilachal Refractories Limited, reducing promoter holding by 1.78%. This may signal reduced promoter confidence or consolidation within the promoter group.