The Exchange has received the disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for SFAL Speciality Alloys Ltd

Creeping Acquisition Near ThresholdOwnership Changes View source PDF Explain this filing

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reactionminutes from the announcement price · days from the prior close

+4.8%Reaction day

₹40.18

prior close

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announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used-0.2%+4.9% vs market

Electrodes & Refractories peers, median of 10sector-0.2%+4.9% vs sector

On the reaction day the stock moved 4.9 pts more than Nifty Microcap 250 and 4.9 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.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

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10m

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15m

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30m

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Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+4.8-0.2+4.9-0.2+4.9

Next day

+1.2-0.2+1.4-0.2+1.5

+3.3-0.5+3.8-1.3+4.5

+3.3+0.9+2.4+0.0+3.3

+6.5+0.9+5.7-0.9+7.4

+6.8+2.5+4.3-0.9+7.6

+12.5+4.0+8.5-0.1+12.6

15d

+0.0-0.4+0.4-4.7+4.7

+11.7+2.4+9.3-4.5+16.2

+3.3+7.8-4.5-6.0+9.3

-2.5+8.0-10.5-2.3-0.2

UpDownMarket · Nifty Microcap 250Sector · Electrodes & Refractories peers, median of 10Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

SFAL Speciality Alloys Limited, a non-promoter entity, acquired 15,00,000 equity shares (7.37%) of Nilachal Refractories Limited through inter-se transfer pursuant to a Share Purchase Agreement dated March 11, 2026. The acquisition was completed on April 24, 2026. Following this purchase, SFAL's holding increased from 62.81% to 70.18% of the total equity capital (2,03,61,450 shares of face value Rs 10 each). The acquirer confirmed it does not belong to the promoter/promoter group of the target company.

Likely market impact

SFAL Speciality Alloys now holds a dominant 70.18% stake in Nilachal Refractories, making it a majority shareholder. This substantial acquisition by a non-promoter entity may signal potential control transfer or consolidation intentions, which investors should monitor for further developments.