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 Persons Acting in Concert (PACs) including Sushilaben Patel, Bhumishth Patel, Bhumishth Patel HUF and Payal Bhumishth Patel, sold 2,84,000 equity shares (1.23%) of Patron Exim Ltd through the open market on September 8, 2025. Before the sale, the combined group held 1,67,99,800 shares (72.46%); after the sale, their holding stands at 1,65,15,800 shares (71.25%). The individual holding fell from 32.56% to 31.35%, while PAC holding remained unchanged at 39.90%. The disclosure clarifies that the seller does not belong to the promoter/promoter group. The company's equity share capital remains 2,31,80,000 shares of Rs 10 each.
This is a relatively small sale (1.23%) by a non-promoter shareholder group, so it is unlikely to materially impact the stock price or control structure. Investors may note the continued large PAC holding at 39.90%, which keeps the group influential without crossing any takeover thresholds.