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

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.