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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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 1.0 pts less than Nifty Microcap 250 and 0.8 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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Non-promoter shareholder Narendrakumar Gangaramdas Patel, along with Persons Acting in Concert (Sushilaben Patel, Bhumishth Patel, Bhumishth Patel HUF, Payal Bhumishth Patel), sold 84,000 equity shares (0.36% of paid-up capital) of Patron Exim Ltd through the open market on August 28, 2025. The filing explicitly states the seller does not belong to the promoter/promoter group. Post-sale, the seller's individual holding fell from 33.43% to 33.06%, while combined PAC holding stands at 39.89%, just below the 40% creeping acquisition threshold under takeover norms. Total equity share capital of the company is 2,31,80,000 shares of Rs. 10 each.
A small, routine divestment by a non-promoter shareholder; unlikely to materially affect stock price or promoter control. However, the PAC group's combined holding at 39.89% sits very close to the 40% regulatory threshold, meaning any further purchase would trigger open offer obligations under takeover regulations.