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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Awaiting price reaction for this filing.
On September 9, 2025, promoter Narendrakumar Gangaramdas Patel, along with Persons Acting in Concert (Sushilaben Patel, Bhumishth Patel, Bhumishth Patel HUF, and Payal Bhumishth Patel), sold 7,00,000 equity shares (3.02%) of Patron Exim Ltd through the open market. Before the sale, the promoter group held 1,65,15,800 shares (71.25%); after the sale, their holding dropped to 1,58,15,800 shares (68.22%). Narendrakumar Patel's individual stake reduced from 31.35% to 28.32%. The transaction was disclosed to BSE on September 11, 2025 under Regulation 29(2) of the SEBI Takeover Regulations.
A 3% open-market exit by the promoter group is a negative signal, suggesting reduced promoter confidence or a need to monetize holdings, though they retain a comfortable majority at 68.22%. Retail investors may view this as a cautionary event, as continued selling could pressure the stock price and signal weakening promoter commitment.