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 5.1 pts less than Nifty Microcap 250 and 5.8 pts less 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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Sushilaben Narendrakumar Patel, along with Persons Acting in Concert (PACs) including Narendrakumar Gangaramdas Patel, Bhumishth Patel, Bhumishth Patel HUF, and Payal Bhumishth Patel, sold 13,04,000 equity shares (5.63% of total capital) of Patron Exim Limited through the open market on September 22, 2025. Before the sale, the combined PAC holding stood at 1,06,51,800 shares (45.95%), which has now come down to 93,47,800 shares (40.29%). Sushilaben Patel's individual stake reduced from 31.26% (72,49,900 shares) to 25.63% (59,45,900 shares). The equity share capital of the company remains unchanged at 2,31,80,000 shares of face value Rs. 10 each.
This is a sizeable open market sale by the promoter family group, cutting their combined stake by nearly 6 percentage points. Retail investors may view this as a negative signal, as large promoter exits often raise concerns about insider confidence and could put short-term pressure on the stock price.