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 (Sushilaben Patel, Bhumishth Patel, Bhumishth Patel HUF, Payal Bhumishth Patel), disclosed a sale of 3,28,000 equity shares of Patron Exim Limited through the open market on September 16, 2025. This represents 1.42% of the company's total share capital. Patel is explicitly classified as a non-promoter. His individual holding fell from 24.99% (57,93,900 shares) to 23.58% (54,65,900 shares), while the combined PAC holding dropped from 64.89% to 63.48% of the equity share capital. The total equity share capital remains 2,31,80,000 shares of Rs. 10 face value.
A significant non-promoter shareholder (nearly 25% personally) reducing stake by 1.42% via open market could create mild selling pressure or signal reduced confidence. However, since the seller is not part of the promoter group, control of the company is not affected, and the disclosure is routine compliance under SAST Regulations.