Padmanabh Alloys promoter Hemal Desai acquires 2,686 shares
- Promoter Hemal Rajeshbhai Desai bought 2,686 shares in the open market
- Total holding increased to 89,618 shares, or 1.655% of voting capital
- Transaction disclosed under SEBI SAST Regulation 29(2)
- No shares are pledged or encumbered post-acquisition
*this image is generated using AI for illustrative purposes only.
Promoter Hemal Rajeshbhai Desai acquired 2,686 equity shares of Padmanabh Alloys & Polymers Limited through open market transactions on September 3, 2026.
The acquisition was disclosed under Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The transaction increased the promoter’s total shareholding to 89,618 equity shares.
Shareholding Details
Prior to the transaction, Hemal Rajeshbhai Desai held 86,932 shares, constituting 1.605% of the company’s total voting capital. None of these shares were encumbered or pledged.
Following the purchase, his stake rose by 0.049% to 1.655%. The post-acquisition holding remains free of any liens, pledges, or other encumbrances.
| Metric | Before Acquisition | Acquisition | After Acquisition |
|---|---|---|---|
| Shares Held | 86,932 | 2,686 | 89,618 |
| Voting Rights % | 1.605% | 0.049% | 1.655% |
| Encumbrance | NIL | NIL | NIL |
Capital Structure
The total equity share capital of Padmanabh Alloys & Polymers Limited remains unchanged at 54,13,300 equity shares with a face value of ₹10 each. There are no outstanding warrants, convertible securities, or other instruments that would alter the diluted voting capital.
Historical Stock Returns for Padmanabh Alloys & Polymers
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +4.99% | +11.97% | +38.36% | 0.0% | +4.70% | 0.0% |
Does this incremental purchase signal a broader strategy by Hemal Rajeshbhai Desai to consolidate control or prepare for a potential takeover?
How might this open market acquisition impact the stock's liquidity and short-term price volatility given the company's relatively small free float?
Are there indications that the promoter anticipates undervaluation or upcoming positive corporate developments at Padmanabh Alloys & Polymers?
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