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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Awaiting price reaction for this filing.
Niraj Jalan, an acquirer in Nilachal Refractories Ltd, has informed the exchanges that a planned inter-se transfer of shares could not be completed on 6th February 2026. The delay is purely administrative — KYC formalities for both the transferor and transferee are still being processed with the Depository Participant, and their demat accounts have not yet been activated. Once KYC is completed and accounts are active, the transfer will be re-initiated. The acquirer has confirmed there is no other reason for the deferment.
This is a procedural update with no change in ownership for now. Shareholders should note the transfer is postponed, not cancelled, and the eventual transaction could still affect promoter shareholding levels once executed.