The Exchange has received the revised disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Bhagwati Prasad Jalan and Sons HUF, ....
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
A coordinated bulk sale has been executed where 17 promoter group entities sold their entire collective stake of approximately 7.19 million shares (around 30% of total equity) in Nilachal Refractories Ltd. The transactions occurred through off-market transfers between April 22-24, 2026. Entities divesting include Bhagwati Prasad Jalan and Sons HUF (0.37%), Niraj Jalan and Others HUF (0.25%), Pankaj Jalan and Others HUF (0.37%), Bhagwat Prasad Jalan (2.70%), Aditi Jalan (1.18%), Nidhi Jalan (0.81%), Pankaj Jalan (1.80%), Niraj Jalan (3.14%), Parwati Devi Jalan (0.69%), Ishika Jalan (0.22%), Aarav Jalan (0.22%), Ganpati Industrial Pvt Ltd (2.46%), Pushpak Dealcom Private Limited (1.47%), Seasons Trading And Investments Pvt Ltd (7.37%), Likewise Properties LLP (1.35%), Jekay International Track Pvt Ltd (2.46%), and P P Suppliers And Agencies Private Limited (3.28%). All entities belonged to the promoter/promoter group.
The complete exit of the extended promoter group representing ~30% stake is a strongly negative signal for retail shareholders as it indicates loss of insider confidence or a significant change in controlling ownership structure. The stock may face selling pressure.