SFAL Speciality Alloys Limited acquired 1,04,89,522 equity shares of Nilachal Refractories Limited, representing a 51.52% stake. The acquisition was completed via an inter-se transfer pursuant to a Share Purchase Agreement dated March 11, 2026. This transaction results in a significant change in the target company's ownership structure.
Minicraft Enterprise Pvt Ltd acquired 28,11,986 shares (13.81% stake) of Nilachal Refractories Limited through an off-market transaction on April 22, 2026. The acquirer is not part of the promoter group. This significant acquisition increases the acquirer's holding from zero to 13.81%.