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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Nilachal Refractories promoter group is reshuffling shareholdings via an inter-se transfer of 16,32,584 shares (8.01% of equity capital). Piyush Jalan, Bela Jalan, and D.P. Jalan & Other HUF are transferring shares to Pankaj Jalan, Bhagwati Prasad Jalan, Niraj Jalan, and Bhagwati Prasad Jalan & Sons HUF. Post-transfer holdings are: Pankaj Jalan at 10,55,000 shares (5.18%), Niraj Jalan at 7,90,000 shares (3.88%), Bhagwati Prasad Jalan at 7,15,584 shares (3.51%), and Bhagwati Prasad Jalan & Sons HUF at 1,50,000 shares (0.74%). The transfer date is 6th February 2026, and the company's total equity share capital is 2,03,61,450 shares. Since both transferors and transferees are part of the same promoter family, the aggregate promoter group holding remains unchanged.
Largely neutral for shareholders — this is an internal reshuffle within the promoter family with no change in total promoter shareholding or change in control. However, Pankaj Jalan has crossed the 5% individual holding mark, which is a regulatory disclosure trigger.