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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Payal Bhumishth Patel, part of the Persons Acting in Concert (PAC) group associated with promoter Narendrakumar Gangaramdas Patel, sold 5,00,000 equity shares (2.16% of total share capital) of Patron Exim Ltd through open market on September 25, 2025. After this sale, the combined PAC holding reduced from 22.19% (51,43,800 shares) to 20.03% (46,43,800 shares). The total equity share capital of the company remains unchanged at 2,31,80,000 shares of face value Rs. 10 each. The disclosure was submitted to BSE on September 27, 2025, under SEBI's Substantial Acquisition of Shares & Takeovers Regulations.
This is a promoter-group-affiliated sale exceeding 2%, which is a notable reduction in promoter/PAC stake and could create mild negative sentiment among retail investors regarding insider confidence, though the PAC remains a significant shareholder at over 20%.