Padmanabh Alloys & Polymers promoter Hemal Rajeshbhai Desai acquired 4,389 equity shares in the open market on September 2, 2026. The transaction increased his stake to 1.605% of the company’s total voting capital.

The acquisition was disclosed under Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. Desai purchased the shares directly from the open market, with no encumbrances or pledges attached to the newly acquired holdings.

Holding Details

Before the transaction, Desai held 82,543 equity shares, representing 1.524% of the total voting rights. Following the purchase, his total holding stands at 86,932 shares.

The company’s total equity share capital remains unchanged at 54,13,300 equity shares with a face value of ₹10 each. There are no warrants, convertible securities, or other instruments entitling the acquirer to additional voting rights.

Padmanabh Alloys & Polymers Ltd has re-appointed M/s. Bhanwarlal Gurjar & Co. as its cost auditor and M/s. Mody & Associates as its internal auditor for the financial year 2026-27.

The board of directors approved these appointments, along with the Board's Report for the year ended March 31, 2026, during its meeting held on September 3, 2026. The board also approved the notice for the Annual General Meeting (AGM) scheduled for September 30, 2026.

Auditor Appointments

The company confirmed continuity in its audit processes for FY27. Shri Bhanwarlal Gurjar, proprietor of M/s. Bhanwarlal Gurjar & Co., continues as the cost auditor. He has been practicing since 2012 with extensive experience in accounts, costing, and taxation.

Shri Ramesh Kumar Mody, proprietor of M/s. Mody & Associates, Chartered Accountants, was re-appointed as the internal auditor. He brings vast experience in accounting, auditing, and finance to the role.

Director Re-appointment

The board approved the re-appointment of Shri Chetankumar Mohanbhai Desai (DIN: 00051541) as a Whole-time Director, subject to shareholder approval at the AGM. He retires by rotation and is eligible for re-appointment.

Shri Desai belongs to the Promoter Category and is the uncle of Shri Hemal Rajeshbhai Desai, another Whole-time Director. He possesses approximately 30 years of experience in accounting and administration. His appointment is effective from September 30, 2026, pending member approval.

AGM Details

The board finalized the schedule for the book closure period, cut-off date, and e-voting period for the upcoming AGM. Shri Kunjal Dalal, proprietor of M/s. K. Dalal & Co., Practicing Company Secretaries, was appointed as the scrutinizer for the voting process.