The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Hemal Desai
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Hemal Rajeshbhai Desai, a member of the promoter group of Padmanabh Alloys & Polymers Ltd, acquired 277 equity shares through the open market on 10 March 2026. His stake rose marginally from 70,783 shares (1.307%) to 71,060 shares (1.312%), a change of just 0.005%. The disclosure was filed under Regulation 29(2) of SEBI's Takeover Regulations, 2011. The company's total equity share capital stands at 54,13,300 shares of Rs. 10 face value. No encumbrance, warrants, or convertible instruments were involved in the transaction.
This is a token acquisition by a promoter with a very small individual holding (1.312%), so it has no meaningful impact on shareholding structure or stock price. It signals minor promoter confidence but is too small to be financially significant.