The Exchange has received the disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for SFAL Speciality Alloys Ltd
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SFAL Speciality Alloys Limited has acquired 44,000 equity shares (0.216%) of Nilachal Refractories Limited through an inter-se transfer under a Share Purchase Agreement dated March 11, 2026. The acquisition was completed on April 28, 2026. Following this purchase, SFAL's holding increased from 70.18% (1,42,89,522 shares) to 70.40% (1,43,33,522 shares) of the total voting capital. The acquirer has confirmed it does not belong to the Promoter/Promoter group of the target company. The shares are listed on BSE and CSE.
This is a small incremental acquisition by an existing major shareholder outside the promoter group. With no open offer triggered and the acquirer holding a commanding 70.40%, the impact on the stock is likely minimal. The transaction represents consolidation of a non-promoter position.