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, has disclosed an open-market purchase of 3,500 equity shares on 25 March 2026 under SEBI SAST Regulation 29(2). His shareholding rose from 75,318 shares (1.391%) to 78,818 shares (1.456%) of the company's paid-up capital. The company has 54,13,300 equity shares of face value Rs. 10 each outstanding. The total consideration or value of the transaction is not disclosed in the filing.
This is a minor incremental purchase by a promoter, signalling continued promoter confidence in the company. However, at just 0.064% of equity, the size is too small to materially affect stock price or control dynamics.