Padmanabh Alloys promoter Hemal Desai acquires 478 shares in open market
- Promoter Hemal Rajeshbhai Desai acquired 478 equity shares
- Total holding increased to 94,668 shares (1.748% stake)
- Transaction executed via open market on September 10, 2026
- No encumbrances or convertible securities held by the promoter

*this image is generated using AI for illustrative purposes only.
Promoter Hemal Rajeshbhai Desai acquired 478 equity shares of Padmanabh Alloys & Polymers in the open market on September 10, 2026. The transaction was disclosed to the BSE Limited on September 11, 2026.
The acquisition brings Desai’s total holding in the company to 94,668 shares. This represents a stake of 1.748% of the total voting capital. Prior to this transaction, his holding stood at 94,190 shares, or 1.739% of the voting rights.
Transaction Details
The purchase was executed through open market transactions. There were no changes to the company’s total equity share capital or diluted voting capital as a result of this acquisition. The total equity share capital remains at 54,13,300 equity shares with a face value of ₹10 each.
| Metric | Before Acquisition | After Acquisition |
|---|---|---|
| Shares Held | 94,190 | 94,668 |
| Voting Rights % | 1.739% | 1.748% |
| Encumbered Shares | NIL | NIL |
Desai holds no warrants, convertible securities, or other instruments entitling him to receive shares carrying voting rights. Additionally, none of the shares held by the promoter are encumbered via pledge, lien, or non-disposal undertakings.
Regulatory Compliance
The disclosure was made in compliance with Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The filing confirms that the acquirer belongs to the promoter group.
Historical Stock Returns for Padmanabh Alloys & Polymers
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +3.63% | +12.68% | +53.85% | +21.21% | +8.11% | 0.0% |
Does this incremental acquisition signal a broader strategic consolidation plan by the promoter group at Padmanabh Alloys & Polymers?
How might this open market purchase influence short-term trading volume and price volatility for the stock?
Are there indications of upcoming corporate actions, such as rights issues or buybacks, that could further alter the promoter's stake?


































