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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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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Narendrakumar Gangaramdas Patel, along with Persons Acting in Concert (PACs — Sushilaben Narendrakumar Patel, Bhumishth Patel, Bhumishth Patel HUF, Payal Bhumishth Patel), sold 19,00,000 equity shares (8.20% of paid-up capital) of Patron Exim Limited through the open market on September 19, 2025. His individual stake dropped from 18.56% (43,01,900 shares) to 10.36% (24,01,900 shares), while the PACs' holding stayed unchanged at 38.17% (88,49,900 shares). As a result, the combined group holding fell from 56.75% to 48.53%, slipping below the 50% mark. The disclosure was filed on September 20, 2025, and the company clarified the seller does not belong to the promoter/promoter group.
The combined disclosed holding of the seller and his PACs has fallen below 50%, which may be viewed negatively by retail investors as it signals reduced control or a possible exit by a significant non-promoter stakeholder. Such large open-market sales (8.20% in a single day) can exert short-term selling pressure on the stock.