The Exchange has received the disclosure under Regulation 10(6) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Bhagwati Jalan, Pankaj Jalan, Niraj Jalan, ....
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Nilachal Refractories Ltd has reported multiple inter se transfers of shares among its promoter group, all executed as gifts (nil consideration) on 10th March 2026. Bhagwati Prasad Jalan received 1,65,000 shares (0.81%) from Bela Jalan, raising his stake from 2.70% to 3.51%. Pankaj Jalan received 6,65,000 shares (3.27%) from Piyush Jalan, lifting his holding from 1.80% to 5.07%. Niraj Jalan received 6,40,000 shares (3.14%) from Bela Jalan, taking his stake from 0.74% to 3.88%. Additionally, Bhagwati Prasad Jalan & Sons HUF received 75,000 shares (0.37%) from D.P. Jalan & Other HUF, doubling its holding to 0.74%. In total, about 15,45,000 shares (roughly 7.59% of the company's diluted share capital) were reshuffled within the promoter family, with the overall promoter shareholding remaining unchanged.
This is purely an internal promoter-family reshuffle via gifts and does not change the total promoter holding in the company. Existing minority shareholders are unaffected, and no open offer is triggered. The reshuffle concentrates shares in the hands of a few active promoter individuals (notably Pankaj Jalan crossing 5%), but has no material effect on the stock price or float.