The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Mitul Suchitkumar Patel
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On the reaction day the stock moved 1.1 pts less than Nifty Microcap 250 and 0.1 pts less than its Industrial Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Mitul Suchitkumar Patel, an immediate relative and part of the promoter group of Parmeshwar Metal Ltd, has disclosed the acquisition of 28,000 equity shares through the open market on 23rd and 24th July 2025. The shares represent 0.18% of the company's total voting and diluted share capital. Prior to this acquisition, he held zero shares; after the purchase, his holding stands at 28,000 shares (0.18%). The total equity share capital of the company remains unchanged at Rs. 15,30,60,000, comprising 1,53,06,000 shares of Rs. 10 each. This is filed under SEBI Takeover Regulations to formally report the promoter-group purchase.
A small but meaningful promoter-group purchase signals insider confidence in the company, though the 0.18% stake size is too small to materially affect shareholding patterns or stock price.