The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Narendrakumar Gangaramdas Patel & PACs
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Non-promoter shareholder Narendrakumar Gangaramdas Patel, along with his Persons Acting in Concert (PACs), sold 180,000 equity shares of Patron Exim Ltd through the open market on September 24, 2025. The combined pre-sale holding stood at 25.12% (58,23,800 shares), which dropped to 24.35% (56,43,800 shares) after the transaction. The disclosure has been filed under Regulation 29(2) of SEBI's SAST Regulations, 2011, which mandates reporting of any change in shareholding exceeding 2% of total share capital. The company's total equity share capital remains unchanged at 2,31,80,000 shares of Rs. 10 face value.
Since the seller is not part of the promoter/promoter group, this is a non-promoter trimming their stake rather than a promoter exit. Shareholders should note the marginal reduction in a non-promoter holding, but it carries limited governance or control implications for the company.