The Exchange has received the revised disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Abubhuti Prakash, Alok Prakash, Ambarella ....
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Multiple promoter group members completed a coordinated off-market sale of their entire stakes in Nilachal Refractories Ltd on 22.04.2026. The sellers include Abubhuti Prakash (1.57%), Alok Prakash (0.31%), Ambarella Cap Fin Private Limited (11.05%), Anupama Prakash (0.09%), Kamal Prakash HUF (1.78%), Madhu Agarwal (1.57%), Minicraft Enterprise Pvt Ltd (13.81%), and Raj Rani Agarwal (3.35%). All filings show zero shareholding after the transaction, indicating a complete promoter group exit. The total promoter stake divested amounts to approximately 33.53% of the company's share capital. Note: One entity (Minicraft Enterprise) shows before and after holding percentages that appear inconsistent with a complete sale, suggesting a possible filing error.
This represents a major change in company ownership structure with nearly one-third of shares transferred out of promoter hands. Such a large coordinated exit by the promoter group could signal a change in control, potential delisting attempt, or strategic restructuring. Investors should monitor for any new acquirer disclosure.