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, a member of the promoter group of Padmanabh Alloys & Polymers Ltd, has acquired 122 equity shares of the company through the open market on 2 March 2026. The acquisition increased his shareholding from 70,390 shares (1.300%) to 70,512 shares (1.302%) of the paid-up equity capital. The company has a total equity share capital of 54,13,300 shares of face value Rs. 10 each, listed on BSE. The disclosure was filed under Regulation 29(2) of SEBI Takeover Regulations, 2011, which is triggered for any acquisition or sale of voting shares by a promoter.
The acquisition is extremely small (just 122 shares or 0.002% of capital) and is unlikely to have any material impact on the stock price or shareholder value. It appears to be a routine, token purchase by the promoter with no meaningful change in ownership or control.