Hemal Desai Files Updated SEBI Disclosure for 1965 Share Acquisition in Padmanabh Alloys
Hemal Rajeshbhai Desai, promoter of Padmanabh Alloys & Polymers Limited, has filed an updated SEBI disclosure for acquiring 1965 equity shares through open market purchase. This acquisition increased his total shareholding from 71,060 shares (1.312%) to 73,025 shares (1.348%). The formal disclosure was submitted to BSE Limited and the company on 16/03/2026 in compliance with SEBI Regulation 29(2).
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Padmanabh alloys & polymers Limited has received an updated formal disclosure from promoter Hemal Rajeshbhai Desai regarding his latest acquisition of 1965 equity shares in the company. The disclosure was filed in compliance with Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011.
Latest Disclosure Filing
The acquirer submitted the updated disclosure through a formal letter dated 16/03/2026 to both BSE Limited and Padmanabh Alloys & Polymers Limited. This represents the second acquisition filing within a short period, following his previous acquisition of 277 shares filed on 10/03/2026. The formal communication was sent from his registered address at B-10, Shree Darshan Society, Behind Jamna Nagar Bus Stand, Ghod Dod Road, Surat 395001.
| Parameter: | Details |
|---|---|
| Acquirer: | Hemal Rajeshbhai Desai (Promoter) |
| Filing Date: | 16/03/2026 |
| Regulation: | SEBI Regulation 29(2) |
| Transaction Mode: | Open Market |
| Shares Acquired: | 1965 equity shares |
Updated Acquisition Details and Shareholding Changes
The latest share acquisition represents a more significant increase in the promoter's shareholding compared to his previous transaction. According to the SEBI disclosure format, Hemal Rajeshbhai Desai's total holding has increased from 71,060 shares to 73,025 shares, representing a percentage increase from 1.312% to 1.348%.
| Holding Period: | Number of Shares | Percentage Holding |
|---|---|---|
| Before Latest Acquisition: | 71,060 | 1.312% |
| Shares Acquired: | 1965 | 0.036% |
| After Latest Acquisition: | 73,025 | 1.348% |
Company Capital Structure
The company's equity share capital structure remains unchanged following this transaction. Padmanabh Alloys & Polymers Limited maintains its total equity share capital of 54,13,300 equity shares with a face value of Rs. 10 each. The company continues to be listed on BSE Limited.
| Capital Details: | Information |
|---|---|
| Total Equity Shares: | 54,13,300 |
| Face Value per Share: | Rs. 10 |
| Listing Exchange: | BSE Limited |
| Total Diluted Capital: | 54,13,300 equity shares |
Regulatory Compliance Status
The disclosure demonstrates continued adherence to SEBI regulations governing substantial acquisitions of shares and takeovers. The formal filing confirms that the acquirer holds no encumbered shares, voting rights other than equity shares, or convertible securities in the company. As a promoter, Hemal Rajeshbhai Desai is required to disclose any changes in his shareholding pattern to maintain market transparency and regulatory compliance. The disclosure was duly signed and submitted from Surat on 16/03/2026.
What strategic plans might be driving the promoter's consecutive share acquisitions within such a short timeframe?
Could this increased promoter shareholding signal potential delisting considerations or a larger consolidation move?
How might these promoter acquisitions impact the company's ability to raise capital from external investors in the future?
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