Hemal Rajeshbhai Desai, a promoter of Padmanabh Alloys & Polymers Limited , has disclosed the acquisition of 2293 equity shares in the company through an open market purchase. The transaction was completed on 17/03/2026, as per the formal disclosure filed under SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

Regulatory Disclosure Details

The disclosure was formally submitted to BSE Limited and the company through a comprehensive letter dated 17/03/2026. Desai, residing at B-10, Shree Darshan Society, Behind Jamna Nagar Bus Stand, Ghod Dod Road, Surat 395001, filed the disclosure in compliance with Regulation 29(2) of SEBI regulations.

Transaction Details

The acquisition represents a strategic increase in Desai's shareholding in the polymer and alloys manufacturer. The shares were purchased through open market transactions, demonstrating continued confidence in the company's prospects.

Shareholding Pattern Changes

The acquisition has resulted in a marginal increase in Desai's ownership stake in the company. His total shareholding has moved from 73025 shares to 75318 shares, reflecting his continued investment in the company.

Company Structure

Padmanabh Alloys & Polymers Limited maintains its equity structure with no changes to the overall share capital following this transaction. The company's shares are listed on BSE Limited, providing liquidity for such market transactions.

Regulatory Compliance

The disclosure was made in accordance with Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The filing confirms that no encumbrances, warrants, or convertible securities were involved in this transaction, maintaining transparency in the shareholding pattern. The formal documentation includes detailed tables showing pre-acquisition, acquisition details, and post-acquisition holdings as required by regulatory guidelines.

Desai's acquisition demonstrates ongoing promoter participation in the company's equity, with the transaction completed through regular market mechanisms. The comprehensive disclosure ensures full compliance with regulatory requirements for substantial shareholding changes in listed companies.

Padmanabh alloys & polymers Limited has received an updated formal disclosure from promoter Hemal Rajeshbhai Desai regarding his latest acquisition of 1965 equity shares in the company. The disclosure was filed in compliance with Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011.

Latest Disclosure Filing

The acquirer submitted the updated disclosure through a formal letter dated 16/03/2026 to both BSE Limited and Padmanabh Alloys & Polymers Limited. This represents the second acquisition filing within a short period, following his previous acquisition of 277 shares filed on 10/03/2026. The formal communication was sent from his registered address at B-10, Shree Darshan Society, Behind Jamna Nagar Bus Stand, Ghod Dod Road, Surat 395001.

Updated Acquisition Details and Shareholding Changes

The latest share acquisition represents a more significant increase in the promoter's shareholding compared to his previous transaction. According to the SEBI disclosure format, Hemal Rajeshbhai Desai's total holding has increased from 71,060 shares to 73,025 shares, representing a percentage increase from 1.312% to 1.348%.

Company Capital Structure

The company's equity share capital structure remains unchanged following this transaction. Padmanabh Alloys & Polymers Limited maintains its total equity share capital of 54,13,300 equity shares with a face value of Rs. 10 each. The company continues to be listed on BSE Limited.

Regulatory Compliance Status

The disclosure demonstrates continued adherence to SEBI regulations governing substantial acquisitions of shares and takeovers. The formal filing confirms that the acquirer holds no encumbered shares, voting rights other than equity shares, or convertible securities in the company. As a promoter, Hemal Rajeshbhai Desai is required to disclose any changes in his shareholding pattern to maintain market transparency and regulatory compliance. The disclosure was duly signed and submitted from Surat on 16/03/2026.