The Exchange has received the disclosure under Regulation 10(5) in respect of acquisition under Regulation 10(1)(a) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, ....
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Promoters of Nilachal Refractories Ltd have informed BSE about an internal transfer of 10,55,000 equity shares, representing about 5.18% of the company's paid-up equity capital. The transfer is by way of gift (no price) among promoter family members, with Pankaj Jalan, Bhagwati Prasad Jalan, Niraj Jalan and Bhagwati Prasad Jalan & Sons HUF as acquirers, and Piyush Jalan, Bela Jalan and D.P. Jalan & Other HUF as transferors. The acquirers' collective holding will rise from 8.01% to 13.20%, while the transferors will see corresponding reductions. The transaction is scheduled for 6 February 2026 and is exempt from the open offer requirement under Regulation 10(1)(a)(ii) of the SEBI Takeover Regulations, 2011.
This is an internal promoter-family reshuffle with no change in total promoter shareholding and no cash changing hands. No open offer is triggered, and there is no direct effect on minority shareholders or the stock price.