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, part of the promoter group of Padmanabh Alloys & Polymers Ltd, has disclosed the acquisition of 271 equity shares under Regulation 29(2) of SEBI (SAST) Regulations, 2011. The shares were bought on 06/03/2026 through the open market. His holding increased marginally from 70,512 shares (1.302%) to 70,783 shares (1.307%) — a rise of just 0.005%. The company's total equity share capital remains at 54,13,300 shares of Rs. 10 face value.
This is a very small, routine open-market purchase by a promoter with no material impact on shareholding pattern or stock price. It signals minor promoter confidence but is too small to be financially meaningful.