The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Sushilaben Narendrakumar Patel & PACs
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On the reaction day the stock moved 6.9 pts more than Nifty Microcap 250 and 5.7 pts more than its Trading - Chemicals peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Sushilaben Narendrakumar Patel and Persons Acting in Concert (PACs) sold 500,000 equity shares (2.16%) of Patron Exim Ltd through the open market on September 19, 2025, triggering a Regulation 29(2) SAST disclosure. The promoter/PAC group's combined holding fell from 48.53% (1,12,51,800 shares) to 46.37% (1,07,51,800 shares). The total equity share capital of the company stands at 2,31,80,000 shares of Rs. 10 face value, unchanged before and after the transaction. No encumbrance (pledge) activity was reported — this is a straightforward open-market sale.
The promoter group's stake has slipped below the 50% mark, reducing their controlling influence and slightly increasing the free float available to public investors. Further sales could push the group closer to creeping acquisition thresholds and may be viewed negatively by the market as a signal of promoter exit.