Eight members of the promoter group of Nilachal Refractories Limited, including Abubhuti Prakash and Minicraft Enterprise Pvt Ltd, sold their entire holdings via off-market transactions on April 22, 2026. This mass exit by promoter entities resulted in the disposal of approximately 33.87% of the company's total equity share capital.
Nilachal Refractories Ltd has received revised disclosures regarding the off-market sale of shares by various entities within its promoter group. The transactions, executed between April 22 and April 29, 2026, involve major holdings by Bhagwati Prasad Jalan and Sons HUF and others. Aggregate promoter control remains central to investor tracking.
SFAL Speciality Alloys Limited, a promoter group entity, acquired 15,00,000 shares (7.37% stake) of Nilachal Refractories Limited from Seasons Trading & Investments Pvt. Ltd. via an off-market transaction. This internal promoter group restructuring resulted in the seller's holding reducing to zero while the acquirer's holding increased to 7.37%.
SFAL Speciality Alloys Limited, a promoter group entity of Nilachal Refractories Ltd, sold 6,81,823 equity shares (3.35% stake) via an off-market transaction on April 22, 2026. This disposal reduces the promoter's holding in the target company to nil.
Various promoter group entities of Nilachal Refractories Ltd, including Bhagwati Prasad Jalan and Sons HUF and others, sold their entire holdings via off-market transactions between April 22 and 24, 2026. The disposals represented approximately 16.65% of the company's equity capital, resulting in zero remaining holdings for the disclosing promoters.
Vimal Prakash HUF, a promoter of Nilachal Refractories Limited, sold 3,62,500 equity shares (1.78% stake) via an off-market transaction on April 22, 2026. Following this sale, the promoter's holding in the target company has been reduced to zero.
Kamal Prakash HUF, part of the promoter group, sold its entire 1.78% stake (3,62,500 shares) in Nilachal Refractories Limited. The transaction was conducted off-market on April 22, 2026, resulting in the entity holding zero shares post-disposal.
Alok Prakash HUF, a promoter group entity of Nilachal Refractories Ltd, sold a 0.31% equity stake through an off-market transaction on April 22, 2026. This disposal reduces the promoter's holding in the target company.
Anupama Prakash, part of the promoter group of Nilachal Refractories Limited, disposed of 19,250 equity shares (0.09% stake) via an off-market transaction on April 22, 2026. Following this disposal, the promoter group's holding in the company has been adjusted accordingly.
Nilachal Refractories Limited promoter entity SFAL Speciality Alloys Limited sold 3,19,250 equity shares (1.57% stake) via an off-market transaction. Following this sale, the entity's shareholding in the company has been reduced to zero.
Ambarella Cap Fin Private Limited, a promoter group entity, sold its entire 11.05% stake (22,50,000 shares) in Nilachal Refractories Limited through an off-market transaction on April 22, 2026. Following this disposal, the entity holds zero shares in the company.