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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Narendrakumar Gangaramdas Patel, along with four persons acting in concert (Sushilaben Patel, Bhumishth Patel, Bhumishth Patel HUF, and Payal Bhumishth Patel), sold 3,12,000 equity shares of Patron Exim Ltd through the open market on September 17, 2025. The filing clarifies that the seller does not belong to the promoter or promoter group. His individual holding fell from 54,65,900 shares (23.58%) to 51,53,900 shares (22.23%), a drop of 1.35 percentage points. The combined PAC holding declined from 1,47,15,800 shares (63.48%) to 1,44,03,800 shares (62.13%). The total equity share capital of the company remains unchanged at 2,31,80,000 shares of face value ₹10.
Since the seller is not a promoter, this is a non-promoter offloading of shares and is unlikely to materially shake investor confidence. However, it signals that a large non-promoter shareholder is trimming holdings, which retail investors should monitor for any further reductions.