Promoters of Nilachal Refractories Limited have increased their shareholding through off-market acquisitions classified as inter-se transfers by way of gift. The transactions, disclosed to the BSE on June 5, 2026, under Regulation 29 of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, involved Bhagwati Prasad Jalan, Niraj Jalan, and Pankaj Jalan. The acquisitions took place on March 10, 2026, and were filed by authorized signatory Niraj Jalan after carrying out necessary rectifications.

Details of the Acquisition

The disclosures confirm that all acquirers belong to the promoter group of Nilachal Refractories Limited. The mode of acquisition for all transactions was an off-market inter-se transfer by way of gift involving equity shares carrying voting rights.

Shareholding Pattern

The revised shareholding details following the acquisitions are outlined below:

Regulatory Disclosures

The filings were submitted to comply with regulatory requirements after rectifications. The total diluted share/voting capital of the target company was reported as zero in the disclosures. The shares of Nilachal Refractories Limited are listed on the BSE.

Nilachal Refractories has appointed Mr. Mukesh Kumar Shaw as its Company Secretary and Compliance Officer effective June 1, 2026. The Board of Directors approved the appointment during a meeting held on May 29, 2026, to ensure compliance with Section 203 of the Companies Act, 2013 and Regulation 6 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The meeting commenced at 11:30 am and concluded at 12:00 noon.

The appointment addresses a key managerial personnel requirement within the company. Mr. Shaw is an Associate Member of the Institute of Company Secretaries of India, holding membership number ACS:80201. He possesses a B Com degree and has completed NSE's Certificate Course on Capital Market, bringing experience in corporate laws and secretarial compliances to the role.

Details of Appointment

The Board approved the appointment following the provisions outlined in the relevant regulations. The specific details regarding the change and the appointee's profile were disclosed in accordance with SEBI Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024.

Key Information

Professional Background

Mr. Mukesh Kumar Shaw has previously worked with S K Maheshwari & Associates as a Management Trainee. His qualifications and experience are expected to strengthen the company's regulatory compliance framework.