The Exchange has received the disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Bhagwati Prasad Jalan
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 7.9 pts more than Nifty Microcap 250 and 7.4 pts more than its Electrodes & Refractories peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
Minute windows have no benchmark: there is no intraday index history to compare against.
Four members of the promoter group of Nilachal Refractories Ltd have disclosed acquisitions of equity shares done off-market on 10.03.2023 (signed 12.03.2026). Bhagwati Prasad Jalan bought 5,50,584 shares (2.70%), taking his holding from 2.70% to 3.51%. Bhagwati Prasad Jalan & Sons HUF bought 75,000 shares (0.37%), moving from 0.37% to 0.74%. Niraj Jalan bought 6,40,000 shares (3.14%), rising from 3.14% to 3.88%. Pankaj Jalan bought 3,67,000 shares (1.80%), increasing his stake from 1.80% to roughly 5.07% (crossing the 5% mark). All transactions were off-market, no encumbrance or pledge is involved, and the filings were triggered because each acquirer's change exceeded the 2% disclosure threshold under SAST Reg 29(1).
This is a promoter-group buying event rather than a sale, which is typically viewed as a confidence signal by retail investors. However, because the mode is off-market across multiple related entities, this could also be an inter-se reshuffle within the promoter family rather than fresh buying from the market, so the price impact may be limited.