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Nilachal Refractories Ltd — Important, 01-01-1970: Company Update
NIRAJ JALAN
32 A, Raja Santosh road, Alipore
Kolkata – 700027
Email :nirajjalanit@jekay.com
Dated: June 5, 2026
To
The Department of Corporate
Services
BSE Ltd.
Phiroze Jeejeebhoy Towers, Dalal
Street,
Mumbai 400 001
Scrip Code: 502294
To
The Secretary
The Calcutta Stock Exchange
Ltd.
7, Lyons Range,
Kolkata 700 001
Scrip Code: 019120
To
The General Manager
Securities and Exchange Board
of India
SEBI Bhavan
Plot No. C4-A, G Block
Bandra Kurla Complex
Bandra (East)
Mumbai 400051
Maharashtra, India
Dear Sir,
Dear Sir/Madam,
With reference to the disclosures and documents submitted herewith, we hereby submit the revised
disclosure of Mr Pankaj Jalan, Mr. Niraj Jalan, Mr. Bhagwati Prasad Jalan under Regulation 29(2) &
Regulation 29(1) of SEBI (SAST) Regulations, 2011 after carrying out the required rectification..
All other applicable requirements in this regard have been duly complied with.
Kindly take the same on record.
Yours Sincerely,
For Niraj Jalan
(On behalf of self and other Acquirers as their authorized signatory)
Encl: a/a
NIRAJ
JALAN
Digitally signed by NIRAJ JALAN
Date: 2026.06.05 13:33:39 +05'30'
----------------Page (0) Break----------------
Pankaj Jalan
32 A, Raja Santosh road, Alipore
Kolkata – 700027
Email :cs@jekay.com
Format for disclosures under Regulation 29(1) of SEBI (Substantial Acquisition of
Shares and Takeovers) Regulations, 2011
Part-A - Details of the Acquisition
Name of Target Company
Nilachal Refractories Limited
Name(s) of the acquirer and Persons
Acting
in
Concert
(PAC)
with
the
acquirer
Pankaj Jalan
•
Whether the acquirer belongs to Yes
Promoter/ Promoter group
Name(s) of the Stock
Exchange(s BSE
where the shares of TC are Listed
----------------------
Details of the acquisition as follows
Number
% w.r.t.total
share/voting
capital
wherever
applicable (*)
% w.r.t. total
diluted
share/voting
capital of the
TC(**)
Before the acquisition under
consideration, holding of acquirer
along with PACs of:
a) Shares carrying voting rights
b) Shares in the nature of
encumbrance (pledge/ lien/ non-
disposal undertaking/ others)
c) Voting rights (VR) otherwise than
by shares
d) Warrants/convertible securities/any
other instrument that entitles the
acquirer to receive shares carrying
voting rights in the TC (specify
holding in each category)
e) Total (a+b+c+d)
3,67,000
0
0
0
3,67,000
1.80%
0
0
0
1.80%
0
0
0
0
0
Details of acquisition
a) Shares carrying voting rights
acquired
b) VRs acquired otherwise than by
equity shares
c) Warrants/convertible securities/any
other instrument that entitles the
acquirer to receive shares carrying
voting rights in the TC (specify
holding in each category) acquired
6,65,000
0
0
3.27 %
0
0
0
0
0
0
0
----------------Page (1) Break----------------
Pankaj Jalan
32 A, Raja Santosh road, Alipore
Kolkata – 700027
Email :cs@jekay.com
d) Shares
in
the
nature
of
encumbrance (pledge/ lien/ non-
disposal undertaking/ others)
e)
Total (a+b+c+/-d)
0
6,65,000
0
3.27 %
0
0
After
the
acquisition,
holding
of
acquirer along with PACs of:
a) Shares carrying voting rights
b) VRs otherwise than by equity
shares
c) Warrants/convertible
securities
/any other instrument that
entitles the acquirer to receive
shares carrying voting rights in
the TC (specify holding in each
category) after acquisition
d) Shares in the nature of
encumbrance (pledge/ lien/ non-
disposal undertaking/ others)
e) Total (a+b+c+d)
1032000
0
0
0
1032000
5.07%
0
0
0
5.07%
0
0
0
0
0
Mode of acquisition (e.g. open market/
public issue / rights issue / preferential
allotment I inter-se transfer I
encumbrance, etc.)
Off market Sale
Salient features of the securities
acquired including time till redemption,
ratio at which it can be converted into
equity shares, etc.
EQUITY SHARES
Date of acquisition of/ date of receipt of
intimation of allotment of shares / VR/
warrants/convertible securities/any
other instrument that entitles the
acquirer to receive shares in the TC.
10.03.023
Equity share capital / total voting capital
of the TC before the said acquisition
1.80%
Equity share capital/ total voting capital
of the TC after the said acquisition
5.07%
Total diluted share/voting capital of the
TC after the said acquisition
----------------Page (2) Break----------------
Pankaj Jalan
32 A, Raja Santosh road, Alipore
Kolkata – 700027
Email :cs@jekay.com
Part-B***
Name of the Target Company:
Nilachal Refractories Limited
Name(s)ofthe acquirer
Whether
the
acquirer
PAN of the acquirer and/
and
Persons
Acting
in
belongs
to
Promoter/
or PACs
Concert (PAC) with the
Promoter group
acquirer
Pankaj Jalan
ACTPJ8249B
Promoter
Signature of the acquirer / Authorised Signatory
Place: Kolkata
Date:12.03.2026
Note:
(*) Total share capital/ voting capital to be taken as per the latest filing done by the
company to the Stock Exchange under Clause 35 of the listing Agreement.
(**) Diluted share/voting capital means the total number of shares in the TC assuming
full conversion of the outstanding convertible securities/warrants into equity shares of
the TC.
(***) Part-B shall be disclosed to the Stock Exchanges but shall not be disseminated.
NIRAJ
JALAN
Digitally signed by NIRAJ JALAN
Date: 2026.06.05 13:43:37 +05'30'
----------------Page (3) Break----------------
Pankaj Jalan
32 A, Raja Santosh road, Alipore
Kolkata – 700027
Email :nirajjalanit@jekay.com
Format for disclosures under Regulation 29(2) of SEBI (Substantial Acquisition of
Shares and Takeovers) Regulations, 2011
Name of the Target Company (TC)
Nilachal Refractories Limited
I
Name(s) of the acquirer and Persons
Acting
in
Concert
(PAC)
with
the
acquirer
Pankaj Jalan
. Whether the acquirer belongs to
II
Yes
Promoter/ Promoter group
Name(s)
of the Stock
Exchange(s) BSE
where the shares of TC are Listed
----------------------------
Details of the acquisition / disposal as
follows
Number
% w.r.t.total
share/voting
capital
wherever
applicable (*)
% w.r.t. total
diluted
share/voting
capital of the
TC(**)
Before
the
acquisition
under
consideration, holding of:
a) Shares carrying voting rights
b) Shares in the nature of
encumbrance (pledge/ lien/ non-
disposal undertaking/ others)
c) Voting rights (VR) otherwise than
by shares
d) Warrants/convertible securities/any
other instrument that entitles the
acquirer to receive shares carrying
voting rights in the T C (specify
holding in each category)
e) Total (a+b+c+d)
3,67,000
0
0
0
3,67,000
1.80%
0
0
0
1.80%
0
0
0
0
0
Details of acquisition / sale
a) Shares carrying voting rights
acquired / sold
b) VRs acquired /sold otherwise than
by shares
c) Warrants/convertible securities/any
other instrument that entitles the
acquirer to receive shares carrying
voting rights in the TC (specify
holding in each category)
acquired/sold
d) Shares encumbered / invoked /
released by the acquirer
e)
Total (a+b+c+/-d)
6,65,000
0
0
0
6,65,000
3.27 %
0
0
0
3.27 %
0
0
0
0
0
----------------Page (4) Break----------------
Pankaj Jalan
32 A, Raja Santosh road, Alipore
Kolkata – 700027
Email :nirajjalanit@jekay.com
After the acquisition / sale, holding
of:
a) Shares
carrying
voting
rights
acquired
b) Shares
encumbered
with
the
acquirer
c) VRs otherwise than by shares
d) Warrants / convertible securities /
any other instrument that entitles
the acquirer to receive shares
carrying voting rights in the TC
(specify holding in each category)
after acquisition
e) Total (a+b+c+d)
10,32,000
0
0
0
10,32,000
5.07 %
0
0
0
5.07 %
0
0
0
0
0
Mode of acquisition / sale (e.g. open
market/ off-market/ public issue/ rights
issue / preferential allotment / inter-se
transfer etc).
Off market Sale
Date of acquisition / sale of shares / VR
or date of receipt of intimation of
allotment of shares, whichever is
applicable
10.03.023
Equity share capital / total voting capital
of the TC before the said acquisition /
sale
1.80%
Equity share capital/ total voting capital
of the TC after the said acquisition/ sale
5.07%
Total diluted share/voting capital of the
TC after the said acquisition
0
(*) Total share capital/ voting capital to be taken as per the latest filing done by the
company to the Stock Exchange under Clause 35 of the listing Agreement.
(**) Diluted share/voting capital means the total number of shares in the TC assuming
full conversion of the outstanding convertible securities/warrants into equity shares of
the TC.
Signature of the acquirer / seller I Authorised Signatory
Place: Kolkata
Date:12.03.2026
NIRAJ
JALAN
Digitally signed
by NIRAJ JALAN
Date: 2026.06.05
13:34:42 +05'30'
----------------Page (5) Break----------------
Bhagwati Prasad Jalan
32 A, Raja Santosh road, Alipore
Kolkata – 700027
Email :cs@jekay.com
Format for disclosures under Regulation 29(1) of SEBI (Substantial Acquisition of
Shares and Takeovers) Regulations, 2011
Part-A - Details of the Acquisition
Name of Target Company
Nilachal Refractories Limited
Name(s) of the acquirer and Persons
Acting
in
Concert
(PAC)
with
the
acquirer
Bhagwati Prasad Jalan
•
Whether the acquirer belongs to Yes
Promoter/ Promoter group
Name(s) of the Stock
Exchange(s BSE
where the shares of TC are Listed
----------------------
Details of the acquisition as follows
Number
% w.r.t.total
share/voting
capital
wherever
applicable (*)
% w.r.t. total
diluted
share/voting
capital of the
TC(**)
Before the acquisition under
consideration, holding of acquirer
along with PACs of:
a) Shares carrying voting rights
b) Shares in the nature of
encumbrance (pledge/ lien/ non-
disposal undertaking/ others)
c) Voting rights (VR) otherwise than
by shares
d) Warrants/convertible securities/any
other instrument that entitles the
acquirer to receive shares carrying
voting rights in the TC (specify
holding in each category)
e) Total (a+b+c+d)
5,50,584
0
0
0
5,50,584
2.70%
0
0
0
2.70%
0
0
0
0
0
Details of acquisition
a) Shares carrying voting rights
acquired
b) VRs acquired otherwise than by
equity shares
c) Warrants/convertible securities/any
other instrument that entitles the
acquirer to receive shares carrying
voting rights in the TC (specify
holding in each category) acquired
1,65,000
0
0
0.81 %
0
0
0
0
0
----------------Page (6) Break----------------
Bhagwati Prasad Jalan
32 A, Raja Santosh road, Alipore
Kolkata – 700027
Email :cs@jekay.com
d) Shares
in
the
nature
of
encumbrance (pledge/ lien/ non-
disposal undertaking/ others)
e)
Total (a+b+c+/-d)
0
1,65,000
0
0.81 %
0
0
After
the
acquisition,
holding
of
acquirer along with PACs of:
a) Shares carrying voting rights
b) VRs otherwise than by equity
shares
c) Warrants/convertible
securities
/any other instrument that
entitles the acquirer to receive
shares carrying voting rights in
the TC (specify holding in each
category) after acquisition
d) Shares in the nature of
encumbrance (pledge/ lien/ non-
disposal undertaking/ others)
e) Total (a+b+c+d)
7, 15, 584
0
0
0
7, 15, 584
3.51%
0
0
0
3.51%
0
0
0
0
0
Mode of acquisition (e.g. open market/
public issue / rights issue / preferential
allotment I inter-se transfer I
encumbrance, etc.)
Off market Sale
Salient features of the securities
acquired including time till redemption,
ratio at which it can be converted into
equity shares, etc.
EQUITY SHARES
Date of acquisition of/ date of receipt of
intimation of allotment of shares / VR/
warrants/convertible securities/any
other instrument that entitles the
acquirer to receive shares in the TC.
10.03.023
Equity share capital / total voting capital
of the TC before the said acquisition
2.70%
Equity share capital/ total voting capital
of the TC after the said acquisition
3.51%
Total diluted share/voting capital of the
TC after the said acquisition
----------------Page (7) Break----------------
Bhagwati Prasad Jalan
32 A, Raja Santosh road, Alipore
Kolkata – 700027
Email :cs@jekay.com
Part-B***
Name of the Target Company:
Nilachal Refractories Limited
Name(s)ofthe acquirer
Whether
the
acquirer
PAN of the acquirer and/
and
Persons
Acting
in
belongs
to
Promoter/
or PACs
Concert (PAC) with the
Promoter group
acquirer
Niraj Jalan
Promoter
ACXPJ5139N
Signature of the acquirer / Authorised Signatory
Place: Kolkata
Date:12.03.2026
NIRAJ
JALAN
Digitally signed by
NIRAJ JALAN
Date: 2026.06.05
13:51:59 +05'30'
----------------Page (8) Break----------------
Bhagwati Prasad Jalan
32 A, Raja Santosh road, Alipore
Kolkata – 700027
Email :cs@jekay.com
Format for disclosures under Regulation 29(2) of SEBI (Substantial Acquisition of
Shares and Takeovers) Regulations, 2011
Name of the Target Company (TC
Nilachal Refractories Limited
I
Name(s) of the acquirer and Persons
Acting
in
Concert
(PAC)
with
the
acquirer
Bhagwati Prasad Jalan
. Whether the acquirer belongs to
II
Yes
Promoter/ Promoter group
Name(s)
of the Stock
Exchange(s) BSE
where the shares of TC are Listed
----------------------------
Details of the acquisition / disposal as
follows
Number
% w.r.t.total
share/voting
capital
wherever
applicable (*)
% w.r.t. total
diluted
share/voting
capital of the
TC(**)
Before
the
acquisition
under
consideration, holding of:
a) Shares carrying voting rights
b) Shares in the nature of
encumbrance (pledge/ lien/ non-
disposal undertaking/ others)
c) Voting rights (VR) otherwise than
by shares
d) Warrants/convertible securities/any
other instrument that entitles the
acquirer to receive shares carrying
voting rights in the T C (specify
holding in each category)
e) Total (a+b+c+d)
5,50,584
0
0
0
5,50,584
2.70%
0
0
0
2.70%
0
0
0
0
0
Details of acquisition / sale
a) Shares carrying voting rights
acquired / sold
b) VRs acquired /sold otherwise than
by shares
c) Warrants/convertible securities/any
other instrument that entitles the
acquirer to receive shares carrying
voting rights in the TC (specify
holding in each category)
acquired/sold
d) Shares encumbered / invoked /
released by the acquirer
e)
Total (a+b+c+/-d)
1,65,000
0
0
1,65,000
0.81 %
0
0
0
0.81 %
0
0
0
0
----------------Page (9) Break----------------
Bhagwati Prasad Jalan
32 A, Raja Santosh road, Alipore
Kolkata – 700027
Email :cs@jekay.com
After the acquisition / sale, holding
of:
a) Shares
carrying
voting
rights
acquired
b) Shares
encumbered
with
the
acquirer
c) VRs otherwise than by shares
d) Warrants / convertible securities /
any other instrument that entitles
the acquirer to receive shares
carrying voting rights in the TC
(specify holding in each category)
after acquisition
e) Total (a+b+c+d)
7, 15, 584
0
0
0
7, 15, 584
3.51%
0
0
0
3.51%
0
0
0
0
0
Mode of acquisition / sale (e.g. open
market/ off-market/ public issue/ rights
issue / preferential allotment / inter-se
transfer etc).
Off market Sale
Date of acquisition / sale of shares / VR
or date of receipt of intimation of
allotment of shares, whichever is
applicable
10.03.023
Equity share capital / total voting capital
of the TC before the said acquisition /
sale
2.70%
Equity share capital/ total voting capital
of the TC after the said acquisition/ sale
3.51%
Total diluted share/voting capital of the
TC after the said acquisition
0
(*) Total share capital/ voting capital to be taken as per the latest filing done by the
company to the Stock Exchange under Clause 35 of the listing Agreement.
(**) Diluted share/voting capital means the total number of shares in the TC assuming
full conversion of the outstanding convertible securities/warrants into equity shares of
the TC.
Signature of the acquirer / seller I Authorised Signatory
Place: Kolkata
Date:12.03.2026
******
NIRAJ
JALAN
Digitally signed by NIRAJ JALAN
Date: 2026.06.05 13:51:34 +05'30'
----------------Page (10) Break----------------
NIRAJ JALAN
32 A, Raja Santosh road, Alipore
Kolkata 700027
Email :nirajjalanit@jekay.com
Format for disclosures under Regulation 29(1) of SEBI (Substantial Acquisition of
Shares and Takeovers) Regulations, 2011
Part-A - Details of the Acquisition
Name of Target Company
Nilachal Refractories Limited
Name(s) of the acquirer and Persons
Acting
in
Concert
(PAC)
with
the
acquirer
Niraj Jalan
Whether the acquirer belongs to Yes
Promoter/ Promoter group
Name(s) of the Stock
Exchange(s BSE
where the shares of TC are Listed
----------------------
Details of the acquisition as follows
Number
% w.r.t.total
share/voting
capital
wherever
applicable (*)
% w.r.t. total
diluted
share/voting
capital of the
TC(**)
Before the acquisition under
consideration, holding of acquirer
along with PACs of:
a) Shares carrying voting rights
b) Shares in the nature of
encumbrance (pledge/ lien/ non-
disposal undertaking/ others)
c) Voting rights (VR) otherwise than
by shares
d) Warrants/convertible securities/any
other instrument that entitles the
acquirer to receive shares carrying
voting rights in the TC (specify
holding in each category)
e) Total (a+b+c+d)
6,40,000
0
0
0
6,40,000
3.14%
0
0
0
3.14%
0
0
0
0
0
Details of acquisition
a) Shares carrying voting rights
acquired
b) VRs acquired otherwise than by
equity shares
c) Warrants/convertible securities/any
other instrument that entitles the
acquirer to receive shares carrying
voting rights in the TC (specify
holding in each category) acquired
1,50,000
0
0
0.74 %
0
0
0
0
0
----------------Page (11) Break----------------
NIRAJ JALAN
32 A, Raja Santosh road, Alipore
Kolkata 700027
Email :nirajjalanit@jekay.com
d) Shares
in
the
nature
of
encumbrance (pledge/ lien/ non-
disposal undertaking/ others)
e)
Total (a+b+c+/-d)
0
1,50,000
0
0.74 %
0
0
After
the
acquisition,
holding
of
acquirer along with PACs of:
a) Shares carrying voting rights
b) VRs otherwise than by equity
shares
c) Warrants/convertible
securities
/any other instrument that
entitles the acquirer to receive
shares carrying voting rights in
the TC (specify holding in each
category) after acquisition
d) Shares in the nature of
encumbrance (pledge/ lien/ non-
disposal undertaking/ others)
e) Total (a+b+c+d)
7,90,000
0
0
0
7,90,000
3.88%
0
0
0
3.88%
0
0
0
0
0
Mode of acquisition (e.g. open market/
public issue / rights issue / preferential
allotment I inter-se transfer I
encumbrance, etc.)
Off market Sale
Salient features of the securities
acquired including time till redemption,
ratio at which it can be converted into
equity shares, etc.
EQUITY SHARES
Date of acquisition of/ date of receipt of
intimation of allotment of shares / VR/
warrants/convertible securities/any
other instrument that entitles the
acquirer to receive shares in the TC.
10.03.023
Equity share capital / total voting capital
of the TC before the said acquisition
3.14%
Equity share capital/ total voting capital
of the TC after the said acquisition
3.88%
Total diluted share/voting capital of the
TC after the said acquisition
----------------Page (12) Break----------------
NIRAJ JALAN
32 A, Raja Santosh road, Alipore
Kolkata 700027
Email :nirajjalanit@jekay.com
Part-B***
Name of the Target Company:
Nilachal Refractories Limited
Name(s)ofthe acquirer
Whether
the
acquirer
PAN of the acquirer and/
and
Persons
Acting
in
belongs
to
Promoter/
or PACs
Concert (PAC) with the
Promoter group
acquirer
Niraj Jalan
ACXPJ5139N
Signature of the acquirer / Authorised Signatory
Place: Kolkata
Date:12.03.2026
Note:
(*) Total share capital/ voting capital to be taken as per the latest filing done by the
company to the Stock Exchange under Clause 35 of the listing Agreement.
(**) Diluted share/voting capital means the total number of shares in the TC assuming
full conversion of the outstanding convertible securities/warrants into equity shares of
the TC.
(***) Part-B shall be disclosed to the Stock Exchanges but shall not be disseminated.
----------------Page (13) Break----------------
NIRAJ JALAN
32 A, Raja Santosh road, Alipore
Kolkata 700027
Email :nirajjalanit@jekay.com
Format for disclosures under Regulation 29(2) of SEBI (Substantial Acquisition of
Shares and Takeovers) Regulations, 2011
Name of the Target Company (TC)
Nilachal Refractories Limited
I
Name(s) of the acquirer and Persons
Acting
in
Concert
(PAC)
with
the
acquirer
Niraj Jalan
. Whether the acquirer belongs to
II
Yes
Promoter/ Promoter group
Name(s)
of the Stock
Exchange(s) BSE
where the shares of TC are Listed
----------------------------
Details of the acquisition / disposal as
follows
Number
% w.r.t.total
share/voting
capital
wherever
applicable (*)
% w.r.t. total
diluted
share/voting
capital of the
TC(**)
Before
the
acquisition
under
consideration, holding of:
a) Shares carrying voting rights
b) Shares in the nature of
encumbrance (pledge/ lien/ non-
disposal undertaking/ others)
c) Voting rights (VR) otherwise than
by shares
d) Warrants/convertible securities/any
other instrument that entitles the
acquirer to receive shares carrying
voting rights in the T C (specify
holding in each category)
e) Total (a+b+c+d)
6,40,000
0
0
0
6,40,000
3.14%
0
0
0
3.14%
0
0
0
0
0
Details of acquisition / sale
a) Shares carrying voting rights
acquired / sold
b) VRs acquired /sold otherwise than
by shares
c) Warrants/convertible securities/any
other instrument that entitles the
acquirer to receive shares carrying
voting rights in the TC (specify
holding in each category)
acquired/sold
d) Shares encumbered / invoked /
released by the acquirer
e)
Total (a+b+c+/-d)
1,50,000
0
0
0
1,50,000
0.74 %
0
0
0
0.74 %
0
0
0
0
0
----------------Page (14) Break----------------
NIRAJ JALAN
32 A, Raja Santosh road, Alipore
Kolkata 700027
Email :nirajjalanit@jekay.com
After the acquisition / sale, holding
of:
a) Shares
carrying
voting
rights
acquired
b) Shares
encumbered
with
the
acquirer
c) VRs otherwise than by shares
d) Warrants / convertible securities /
any other instrument that entitles
the acquirer to receive shares
carrying voting rights in the TC
(specify holding in each category)
after acquisition
e) Total (a+b+c+d)
7,90,000
0
0
0
7,90,000
3.88%
0
0
0
3.88%
0
0
0
0
0
Mode of acquisition / sale (e.g. open
market/ off-market/ public issue/ rights
issue / preferential allotment / inter-se
transfer etc).
Off market Sale
Date of acquisition / sale of shares / VR
or date of receipt of intimation of
allotment of shares, whichever is
applicable
10.03.023
Equity share capital / total voting capital
of the TC before the said acquisition /
sale
3.14%
Equity share capital/ total voting capital
of the TC after the said acquisition/ sale
3.88%
Total diluted share/voting capital of the
TC after the said acquisition
0
(*) Total share capital/ voting capital to be taken as per the latest filing done by the
company to the Stock Exchange under Clause 35 of the listing Agreement.
(**) Diluted share/voting capital means the total number of shares in the TC assuming
full conversion of the outstanding convertible securities/warrants into equity shares of
the TC.
Signature of the acquirer / seller I Authorised Signatory
Place: Kolkata
Date:12.03.2026
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