The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Manju Naredi
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Awaiting price reaction for this filing.
Manju Naredi, a member of the promoter group (described as the brother-in-law's wife of the seller), acquired 180,000 equity shares (4.50%) of Palco Metals Ltd on 28 August 2025 through an off-market transaction by way of a gift deed. The transfer appears to be an inter-se rearrangement within the promoter family, as the total promoter group holding remained unchanged at 9.25% before and after the transaction. Pre-acquisition, Manju Naredi held 0 shares, while the other promoters Badal Kailash Naredi and Lalitkumar Naredi held 4.75% and 4.50% respectively. The company's total equity share capital stood at 40,00,000 shares, which was unchanged post-transaction. The disclosure was filed under Regulation 29(2) of the SEBI Takeover Regulations, 2011.
This is a neutral, internal reshuffling of shares among promoter family members with no change in total promoter ownership or voting power, so it is unlikely to have a material impact on the stock price. Retail investors should note that the promoter group's overall control of the company remains the same at 9.25%.