The Exchange has received the disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for SFAL Speciality Alloys Ltd
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
SFAL Speciality Alloys Limited, a non-promoter entity, acquired 44,000 equity shares of Nilachal Refractories Limited through an inter-se transfer (pursuant to a Share Purchase Agreement dated March 11, 2026). The acquisition took place on April 29, 2026. Before the transaction, the acquirer held 1,43,33,522 shares (70.40%). After acquiring the additional 44,000 shares (0.216%), their holding increased to 1,43,77,522 shares (70.61%) of the target company's total equity capital of 2,03,61,450 shares. The acquirer is not part of the promoter or promoter group of the target company.
SFAL Speciality Alloys Limited has increased its already substantial stake to over 70%, which is a significant controlling position. This steady accumulation by a non-promoter entity may signal intent to consolidate control over Nilachal Refractories Limited.