The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Jayesh M Desai
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Awaiting price reaction for this filing.
Promoter Jayesh M Desai has sold 15,500 equity shares (0.28% of the company's paid-up capital) of Padmanabh Alloys & Polymers Ltd in an off-market transaction dated September 2, 2025. Before the sale, he held 15,500 shares (0.28%), and after the sale his holding stands at 0 shares (0.00%), meaning a complete exit from the company. The company's total equity share capital remains 54,13,300 shares of Rs. 10 face value. The disclosure was filed under Regulation 29(2) of SEBI Takeover Regulations with BSE on September 9, 2025.
A small promoter completely exiting his stake is mildly negative sentiment-wise, but since the holding was negligible (0.28%), the practical impact on shareholding structure and stock price is minimal. Retail investors should note that no major promoter continues to hold shares from this individual.