The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Narendrakumar Patel & PAC
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The Persons Acting in Concert (PAC) group of Patron Exim Ltd sold 100,000 equity shares (0.43% of total capital) through the open market on September 22, 2025. The sellers include Narendrakumar Gangaramdas Patel, Sushilaben Narendrakumar Patel, Bhumishth Patel, Bhumishth Patel HUF, and Payal Bhumishth Patel. Before the sale, the PAC collectively held 10,751,800 shares (46.37% voting rights), which has now reduced to 10,651,800 shares (45.95%). The filing is submitted under Regulation 29(2) of SEBI Takeover Regulations. Importantly, the PAC group is classified as 'No' for being part of the Promoter/Promoter group, indicating these are non-promoter entities acting in concert. Total equity share capital remains at 23,180,000 shares of face value Rs. 10.
This is a small disposal (0.43%) by non-promoter PACs, unlikely to materially affect stock price or control dynamics. The PAC group's holding stays substantial at 45.95%, just under the 50% mark, indicating no major shift in ownership structure.