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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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 0.9 pts more than Nifty Microcap 250 and 1.7 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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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.