The Exchange has received the revised disclosure under Regulation 29(1) & 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Pankaj Jalan & Others
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Promoters Pankaj Jalan, Niraj Jalan and Bhagwati Prasad Jalan have filed a revised disclosure under Regulation 29(1) and 29(2) of SEBI (SAST) Regulations, 2011 for acquiring shares of Nilachal Refractories through off-market transactions. Pankaj Jalan acquired 6,65,000 shares (3.27%), taking his holding from 1.80% to 5.07% of equity share capital. Bhagwati Prasad Jalan acquired 1,65,000 shares (0.81%), moving from 2.70% to 3.51%, while Niraj Jalan acquired 1,50,000 shares (0.74%), moving from 3.14% to 3.88%. Combined promoter group holding rose from approximately 7.64% to about 12.46%. The filing is a revised version of an earlier disclosure after required rectifications.
This is a positive signal showing promoter confidence, with the promoter group collectively raising its stake by nearly 5 percentage points through off-market deals. The increased promoter holding may tighten the floating supply, though the group still remains well below 50% of equity capital.