News Orders & Deals Nilachal Refractories Promoters Increase Stake by 5.18% Through Inter-se TransferNilachal Refractories Promoters Increase Stake by 5.18% Through Inter-se Transfer
Niraj Jalan and the promoter group of Nilachal Refractories Ltd acquired 10,55,000 shares (5.18% stake) through inter-se transfer among promoters on February 6, 2026. The acquisition increased their total holding from 8.01% to 13.20% of the company's equity capital. The transaction involved four promoter entities acquiring shares from existing promoter members, with Pankaj Jalan receiving the largest transfer of 6,65,000 shares. The disclosure was made under SEBI regulations for substantial acquisition of shares.
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Nilachal Refractories Ltd's promoter group has completed a substantial acquisition of shares, with Niraj Jalan and associated promoter entities acquiring 10,55,000 shares representing 5.18% of the company's equity capital. The transaction was executed through inter-se transfer among promoters on February 6, 2026.
Transaction Overview
The acquisition involved four key promoter group members acquiring shares from existing promoter entities. The total equity share capital of Nilachal Refractories stands at 203,614,500 shares, with the company's shares listed on BSE Ltd and The Calcutta Stock Exchange Ltd.
| Parameter | Details |
|---|---|
| Total Shares Acquired | 10,55,000 |
| Percentage Acquired | 5.18% |
| Transaction Date | February 6, 2026 |
| Mode of Transfer | Inter-se transfer among promoters |
| Total Share Capital | 203,614,500 |
Detailed Transfer Breakdown
The acquisition comprised multiple transfers between promoter entities, with the largest single transfer involving Pankaj Jalan acquiring 6,65,000 shares from Piyush Jalan.
| Acquirer | Shares Acquired | Percentage Acquired | Final Holding | Final Percentage |
|---|---|---|---|---|
| Pankaj Jalan | 6,65,000 | 3.27% | 10,32,000 | 5.07% |
| Bhagwati Prasad Jalan | 1,65,000 | 0.81% | 7,15,584 | 3.51% |
| Niraj Jalan | 1,50,000 | 0.74% | 7,90,000 | 3.88% |
| Bhagwati Prasad Jalan & Sons HUF | 75,000 | 0.37% | 1,50,000 | 0.74% |
Promoter Group Holdings
Following the acquisition, the combined holding of the promoter group increased significantly from their previous position.
| Holding Status | Number of Shares | Percentage |
|---|---|---|
| Before Acquisition | 16,32,584 | 8.01% |
| Shares Acquired | 10,55,000 | 5.18% |
| After Acquisition | 26,87,584 | 13.20% |
Regulatory Compliance
The disclosure was made under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. Niraj Jalan, acting as the authorized signatory on behalf of himself and other promoter group members, submitted the required documentation to both BSE Ltd and The Calcutta Stock Exchange Ltd on January 31, 2026.
The promoter group includes Bhagwati Prasad Jalan, Bhagwati Prasad Jalan & Sons HUF, Niraj Jalan, and Pankaj Jalan, all of whom are classified as promoters of the company. The transaction represents a strategic consolidation of shareholding within the promoter group through off-market transfers.
Historical Stock Returns for Nilachal Refractories
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -100.00% | -7.60% | -14.22% | -17.06% | -42.23% | +9.34% |
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