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 Limited, purchased 1,965 equity shares through the open market on 16 March 2026. The acquisition increased his shareholding from 71,060 shares (1.312%) to 73,025 shares (1.348%) of the company's paid-up equity capital. The total equity share capital of the company stands at 54,13,300 shares of face value Rs. 10 each. The disclosure has been made under Regulation 29(2) of SEBI's Takeover Regulations, and the shares are not encumbered.
This is a small promoter buying signal — a vote of confidence in the company by an insider, though the incremental stake is modest (only 0.036% increase). Retail investors may view this as mildly positive, but it is unlikely to materially impact share price given the tiny size of the transaction.