The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Seasons Trading & Investments Pvt Ltd
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
SFAL Speciality Alloys Limited, part of the promoter group of Nilachal Refractories Limited, has disposed of its entire holding of 15,00,000 equity shares, representing 7.37% of the company's share capital. The transaction was carried out off-market on April 24, 2026. After the sale, SFAL Speciality Alloys' holding in Nilachal Refractories has dropped from 7.37% to nil, indicating a complete exit by this promoter group entity. The disclosure was filed under SEBI's Takeover Regulations by Seasons Trading & Investments Pvt Ltd, likely a related PAC entity. The shares are listed only on BSE.
A complete exit by a promoter group entity (7.37% of capital) through an off-market deal is a notable negative signal, as it reduces promoter skin in the game and could raise questions about insider confidence. However, since the deal is off-market, it does not directly hit the stock price on the exchange.