News Orders & Deals Hemal Rajeshbhai Desai Acquires 7205 Equity Shares in Padmanabh Alloys & Polymers LimitedHemal Rajeshbhai Desai Acquires 7205 Equity Shares in Padmanabh Alloys & Polymers Limited
Hemal Rajeshbhai Desai, a promoter of Padmanabh Alloys & Polymers Limited, acquired 7205 equity shares through open market purchase on February 19, 2026. This transaction increased his shareholding from 62746 shares (1.15%) to 69951 shares (1.29%). The acquisition was disclosed under SEBI regulations, with the company maintaining its total equity capital of 54,13,300 shares listed on BSE Limited.
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Hemal Rajeshbhai Desai, a promoter of Padmanabh Alloys & Polymers Limited , has disclosed the acquisition of 7205 equity shares in the company through an open market transaction. The disclosure was made on February 19, 2026, in compliance with Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.
Transaction Details
The share acquisition represents a strategic increase in Desai's stake in the company. The transaction was executed through open market purchase, demonstrating the promoter's continued confidence in the company's prospects.
| Parameter | Details |
|---|---|
| Shares Acquired | 7205 equity shares |
| Transaction Date | February 19, 2026 |
| Mode of Acquisition | Open Market |
| Acquirer Status | Promoter |
Shareholding Pattern Changes
The acquisition has resulted in a notable change in Desai's shareholding pattern in Padmanabh Alloys & Polymers Limited. His total shareholding has increased from the previous holding to a new consolidated position.
| Shareholding Details | Before Acquisition | After Acquisition | Change |
|---|---|---|---|
| Number of Shares | 62746 | 69951 | +7205 |
| Percentage Holding | 1.15% | 1.29% | +0.13% |
| Voting Rights | 1.15% | 1.29% | +0.13% |
Company Information
Padmanabh Alloys & Polymers Limited maintains its equity structure with no changes to the overall share capital following this transaction. The company's shares are listed on BSE Limited, providing liquidity for investors.
| Company Details | Information |
|---|---|
| Total Equity Shares | 54,13,300 |
| Face Value per Share | Rs. 10 |
| Listing Exchange | BSE Limited |
| Company Location | N.H.8, Palsana, Dt. Surat 394315 |
Regulatory Compliance
The disclosure demonstrates adherence to SEBI regulations governing substantial acquisitions. Desai's acquisition falls under the mandatory disclosure requirements as he belongs to the promoter group of the company. The transaction involved no encumbrances, voting rights other than equity shares, or convertible securities.
The acquirer has no holdings in warrants, convertible securities, or any other instruments that would entitle him to receive additional shares carrying voting rights in the company. All disclosed figures are calculated with respect to the total diluted voting capital of the company.
Historical Stock Returns for Padmanabh Alloys & Polymers
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +2.74% | +12.36% | -6.19% | -18.92% | -21.75% | -66.67% |
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