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), sold 852,000 equity shares (3.68%) of Patron Exim Ltd through the open market on September 18, 2025. Before the sale, the promoter group held 62.13% (14,403,800 shares), with Patel individually holding 22.23% and PACs holding 39.90%. After the sale, the promoter group's combined holding has come down to 58.46% (13,551,800 shares), with Patel now holding 18.56%. The total equity share capital of the company remains unchanged at 23,180,000 shares of face value Rs.10 each. The disclosure was filed under Regulation 29(2) of the SEBI Takeover Regulations, 2011.
This is a notable stake reduction by the promoter group, which may signal partial promoter exits or profit-booking. Despite the sale, the promoter group retains majority control at 58.46%, so there's no threat to management or any open offer trigger, but retail investors may view the sale with caution as it reduces promoter skin in the game.