The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Lalit Naredi
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 3.3 pts more than Nifty Microcap 250 and 2.6 pts more than its Aluminium peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Lalit Kumar Naredi, a promoter of Palco Metals Ltd, sold 180,000 equity shares (4.50% of paid-up capital) on 28 August 2024 through an off-market transaction after market hours. Before the sale, Mr. Naredi held 180,000 shares (4.50%); after the sale, his individual holding is reduced to 0 shares. The total promoter group holding remains unchanged at 9.25% (370,000 shares), as Badal Kailash Naredi continues to hold 4.75% (190,000 shares) and Manju Naredi holds 0, suggesting the shares may have been transferred within the promoter/promoter-group family. The company's total equity share capital is 40 lakh shares, listed on BSE.
No change in overall promoter group stake (still 9.25%), so this appears to be an internal reshuffle rather than a promoter exiting the company. Existing shareholders are unlikely to see a significant impact on stock price or control structure.