The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Narendrakumar Patel & PACs
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Narendrakumar Gangaramdas Patel, along with his Persons Acting in Concert (Sushilaben Patel, Bhumishth Patel, Bhumishth Patel HUF, and Payal Bhumishth Patel), sold 352,000 shares of Patron Exim Limited through the open market on September 11, 2025. This represents 1.52% of the company's total share capital of 2.31 crore equity shares (face value Rs. 10). After the sale, Narendrakumar's individual holding came down from 26.52% (61.45 lakh shares) to 24.99% (57.93 lakh shares), and the total PAC holding reduced from 39.90% to 32.90%. The disclosure explicitly states that the seller and PACs do not belong to the promoter or promoter group of the company.
Since the seller is not part of the promoter group, this sale does not affect the promoter holding structure of Patron Exim Ltd. The reduction is a non-promoter trimming their stake, which is a routine disclosure and likely to have limited impact on stock price, though it may signal reduced confidence from a significant non-promoter shareholder.