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 the acquisition of 190 equity shares in the open market on 27 February 2026 under SEBI's Takeover Regulations. This is a very small purchase, representing just 0.003% of the company's equity share capital. His total holding has marginally increased from 70,200 shares (1.296%) to 70,390 shares (1.30%). The total equity capital of the company stands at 54,13,300 shares of face value Rs. 10 each, and there has been no change in this capital because of the transaction.
This is a token-sized acquisition with no material impact on the company's ownership structure or stock price. It signals a minor promoter show of confidence, but the change in holding is too small to be meaningful for shareholders.