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, 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.
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.