The Exchange has received the re revised disclosure under Regulation 29(1) & 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Bhagwati Prasad Jalan & Others
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Promoters of Nilachal Refractories Ltd — Bhagwati Prasad Jalan, Pankaj Jalan, and Niraj Jalan — have filed a re-revised disclosure for an off-market inter-se transfer of shares by way of gift, dated 10 March 2026. Bhagwati Prasad Jalan received 1,65,000 shares (0.81%), raising his holding from 2.70% (5,50,584 shares) to 3.51% (7,15,584 shares). Pankaj Jalan received 6,65,000 shares (3.27%), taking his holding from 1.80% (3,67,000 shares) to 5.07% (10,32,000 shares). Niraj Jalan received 1,50,000 shares (0.74%), moving his holding from 3.14% (6,40,000 shares) to 3.88% (7,90,000 shares). The total promoter group holding remains unchanged; only shares were reshuffled among the three promoter family members. The re-revised filing was made after a required rectification of earlier disclosures.
This is an internal reshuffling within the promoter family via gift and does not change the combined promoter group's stake in the company. No new external buying or cash outflow is involved, so there is unlikely to be a material impact on the stock price or minority shareholders.