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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On the reaction day the stock moved 6.8 pts more than Nifty Microcap 250 and 5.9 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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Bhumishth Patel, a Person Acting in Concert (PAC) with Narendrakumar Gangaramdas Patel, sold 500,000 equity shares (2.16% of total capital) of Patron Exim Ltd through open market on September 25, 2025. The seller is explicitly stated as NOT belonging to the promoter or promoter group. Post-sale, the combined PAC group holding stands at 22.19% (5,143,800 shares), down from 24.35% (5,643,800 shares) before the transaction. The disclosure was filed under Regulation 29(2) of SEBI (SAST) Regulations, 2011. The company's total equity share capital remains unchanged at 23,180,000 shares of face value Rs. 10 each.
This is an insider sale by a PAC (not a promoter), trimming the PAC group's stake by over 2 percentage points. While the filing indicates no direct promoter stake change, retail investors should note the reduced PAC holding, which could mildly signal insider sentiment, though overall promoter control is unaffected.