The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Hemal Rajeshbhai Desai
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Hemal Rajeshbhai Desai, part of the promoter group of Padmanabh Alloys & Polymers Ltd, bought 1,965 equity shares in the open market on 16 March 2026. His holding rose from 71,060 shares (1.312%) to 73,025 shares (1.348%) of the company's total equity capital of 54,13,300 shares. The disclosure was filed under Regulation 29(2) of the SEBI Takeover Regulations, 2011, and the mode of acquisition is open market purchase.
This is a small incremental purchase by a promoter, signaling continued confidence but unlikely to materially impact the stock price. The change in stake is only 0.036%, far below any regulatory takeover threshold.