Padmanabh Alloys & Polymers Limited saw a complete exit by promoter Mala Ishvarlal Naik, who disposed of her entire holding of 24,800 equity shares on September 18, 2026. The transaction reduced her stake in the company to 0%.

The disclosure was filed under Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The sale was executed through an off-market mode, with the shares carrying voting rights representing 0.45% of the total share capital prior to the disposal.

Transaction details

The filing confirms that the promoter held no encumbered shares, warrants, or convertible securities before the sale. The total diluted share capital of the company remained unchanged at 54,13,300 equity shares of face value ₹10 each, as the transaction involved existing shares rather than new issuance.

What the numbers show

The data indicates a full liquidation of the promoter's personal stake in Padmanabh Alloys. Prior to the transaction, the holding constituted 0.45% of the company's equity. The absence of any remaining shares or encumbrances post-sale signifies a clean exit for this specific individual within the promoter group, though it does not necessarily imply a change in the broader promoter group's control unless other members' holdings are also affected.

Padmanabh Alloys & Polymers Limited saw a minor stake increase by a promoter group member on September 18, 2026. Monaben Chetanbhai Desai acquired 24,800 equity shares, representing 0.45% of the company's total share capital.

The acquisition was executed through an off-market transaction. Following this purchase, her total holding in the company rose from 2.42% to 2.87%. The disclosure was filed with the BSE Limited under Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

Transaction Details

The acquirer, identified as belonging to the Promoter/Promoter Group, increased her voting rights through the purchase of equity shares carrying voting rights. No encumbrances such as pledges or liens were reported in connection with these shares.

Capital Structure Context

The total equity share capital of Padmanabh Alloys & Polymers remained unchanged at 54,13,300 equity shares with a face value of ₹10 each. The transaction did not involve any convertible securities, warrants, or instruments that would dilute the existing shareholding pattern further.

The date of intimation for the acquisition was September 21, 2026, with the actual transaction date recorded as September 18, 2026. The listing exchange for the target company is the BSE Limited.