The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Hemal Desai

Hemal Rajeshbhai Desai, a member of the promoter/promoter group of Padmanabh Alloys & Polymers Ltd, disclosed an open market purchase of 249 equity shares on 26 February 2026 under SEBI SAST Regulation 29(2). Before the acquisition, he held 69,951 shares (1.292% of the paid-up capital); after the acquisition, his holding stands at 70,200 shares (1.296%), an increase of just 0.004%. The total equity share capital of the company remains unchanged at 54,13,300 shares of face value Rs. 10 each. No encumbrance, warrants, or convertible instruments are involved. The transaction size is extremely small and immaterial in absolute terms.