Vimal Prakash HUF has submitted a revised disclosure to the stock exchanges regarding its shareholding in Nilachal Refractories Limited , correcting an earlier filing submitted under Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The rectification clarifies that the entity acted as a seller in the transaction, correcting a previous error where the acquirer's name was listed in place of the seller's.

Transaction Details

The transaction involved the sale of 3,62,500 shares through an off-market mechanism on April 22, 2026. The filing to BSE Ltd. and The Calcutta Stock Exchange Ltd., dated May 25, 2026, confirmed that the disclosure was submitted in the capacity of the seller. Consequently, the post-transaction shareholding for Vimal Prakash HUF reflects a zero balance in shares carrying voting rights and encumbered shares.

Holding Status

Following the sale, the acquirer no longer holds any equity in the target company. The revised disclosure indicates that the total share or voting capital of Nilachal Refractories Limited remains at 1.78%, while the total diluted share or voting capital is stated as 0. The rectification specifically addressed Row No. 2 of the initial disclosure to accurately reflect the seller's identity and transaction details.

The revised disclosure was signed by Niraj Jalan, the Authorised Signatory for Nilachal Refractories Limited, on May 25, 2026.

Nilachal Refractories Limited has announced the resignation of Ms. Shruti Poddar from the position of Company Secretary and Compliance Officer. The resignation is effective immediately, starting from May 22, 2026. The company communicated this development to the stock exchanges pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The resignation was submitted due to unavoidable personal circumstances. In her communication to the Board of Directors, Ms. Poddar stated that she regretted her inability to join and continue in the position, clarifying that there were no material reasons beyond the personal circumstances cited.

Details of the Change

The company disclosed the specific details regarding the cessation of the officer's role. The information was submitted to BSE Limited and CSE Limited to update their records.

The resignation letter dated May 22, 2026, has been enclosed with the regulatory filings. The board of Nilachal Refractories Limited has accepted the resignation and requested the stock exchanges to take the information on record.