News Orders & Deals Hemal Desai Continues Share Accumulation with Additional 249 Shares in Padmanabh AlloysHemal Desai Continues Share Accumulation with Additional 249 Shares in Padmanabh Alloys
Promoter Hemal Rajeshbhai Desai has disclosed acquisition of 249 equity shares in Padmanabh Alloys & Polymers Limited through open market transaction on February 26, 2026. This latest purchase increases his shareholding from 69951 to 70200 shares, representing a marginal increase from 1.29% to 1.30%. Combined with his previous acquisition of 7205 shares on February 19, 2026, Desai has accumulated a total of 7454 shares, demonstrating sustained confidence in the company's prospects and strategic accumulation of his promoter stake.
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Padmanabh Alloys & Polymers Limited promoter Hemal Rajeshbhai Desai has disclosed another acquisition of equity shares in the company, this time purchasing 249 shares through open market transaction on February 26, 2026. This latest acquisition follows his previous purchase of 7205 shares on February 19, 2026, demonstrating continued confidence in the company's prospects.
Latest Transaction Details
The recent share acquisition was executed through open market purchase and disclosed to BSE Limited and the company in compliance with Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The transaction represents Desai's ongoing strategy to increase his stake in the company.
| Parameter | Details |
|---|---|
| Shares Acquired | 249 equity shares |
| Transaction Date | February 26, 2026 |
| Mode of Acquisition | Open Market |
| Acquirer Status | Promoter |
| Disclosure Date | February 26, 2026 |
Progressive Shareholding Changes
Desai's shareholding pattern shows a steady increase through multiple acquisitions. His total shareholding has now increased from 69951 shares to 70200 shares, representing a marginal but consistent growth in his ownership percentage.
| Shareholding Details | Before Latest Acquisition | After Latest Acquisition | Change |
|---|---|---|---|
| Number of Shares | 69951 | 70200 | +249 |
| Percentage Holding | 1.29% | 1.30% | +0.004% |
| Voting Rights | 1.29% | 1.30% | +0.004% |
Cumulative Acquisition Impact
Considering both recent transactions, Desai's total shareholding has increased significantly from his initial position of 62746 shares to the current 70200 shares. This represents a total acquisition of 7454 shares across the two disclosed transactions.
| Overall Changes | Initial Position | Current Position | Total Change |
|---|---|---|---|
| Total Shares | 62746 | 70200 | +7454 |
| Percentage Holding | 1.15% | 1.30% | +0.15% |
| Value of Acquisitions | 7205 + 249 shares | Combined transactions | Strategic accumulation |
Company Structure and Compliance
Padmanabh Alloys & Polymers Limited maintains its equity structure with 54,13,300 equity shares of face value Rs. 10 each. The company remains listed on BSE Limited, and all transactions comply with regulatory disclosure requirements.
| Company Information | Details |
|---|---|
| Total Equity Shares | 54,13,300 |
| Face Value per Share | Rs. 10 |
| Listing Exchange | BSE Limited |
| Company Address | N.H.8, Palsana, Dt. Surat 394315 |
The acquirer has confirmed no holdings in encumbered shares, warrants, convertible securities, or any other instruments that would entitle him to additional voting rights. All disclosed figures are calculated with respect to the total diluted voting capital of the company as per SEBI regulations.
Historical Stock Returns for Padmanabh Alloys & Polymers
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -9.80% | +2.22% | +20.60% | -8.05% | -15.93% | -64.22% |
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