Nilachal Refractories Ltd. — Major Shareholding Notification 2026

Mar 13, 2026

NIRAJ JALAN 32 A, Raja Santosh road, Alipore Kolkata – 700027 Email :nirajjalanit@jekay.com

Dated : 12[TH ] March 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, I would like to state that the attached disclosures are self-explanatory and cover all the relevant information as required under the applicable regulatory provisions.

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

Bhagwati Prasad Jalan

I I I	Format for disclosures under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011	Format for disclosures under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011	Format for disclosures under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011	Format for disclosures under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011	Format for disclosures under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011
	Name of the Target Company (TC)
	Name(s) of the acquirer and Persons Acting in Concert (PAC) with the acquirer		Bhagwati Prasad Jalan
	.Whether the acquirer belongs to Promoter/ Promotergroup		IIYes
	Name(s) of the Stock Exchange(s) where the shares of TC are Listed		!�=========�-----------------------------' Number % w.r.t.total share/voting capital wherever applicable() % w.r.t. total diluted share/voting capital of the TC(*)
	Details of the acquisition / disposal as follows				% 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)		5,50,584 0 0 0 5,50,584	2.70% 0 0 0 2.70%	0 0 0 0

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
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

---

Bhagwati Prasad Jalan

I I I	Format for disclosures under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011	Format for disclosures under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011	Format for disclosures under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011	Format for disclosures under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011	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
	Name(s) of the acquirer and Persons Acting in Concert (PAC) with the acquirer		Bhagwati Prasad Jalan & Sons HUF
	.Whether the acquirer belongs to Promoter/ Promotergroup		IIYes
	Name(s) of the Stock Exchange(s) where the shares of TC are Listed		!�=========�-----------------------------' Number % w.r.t.total share/voting capital wherever applicable() % w.r.t. total diluted share/voting capital of the TC(*)
	Details of the acquisition / disposal as follows				% 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)		75,000 0 0 0 75,000	0.37% 0 0 0 75,000	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)		75,000 0 0 0 75,000	0.37% 0 0 0 75,000	0 0 0 0 0

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)	1,50,000 0 0 0 1,50,000	0.74% 0 0 0 0.74%	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
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	0.37%
Equity share capital/ total voting capital of the TC after the said acquisition/ sale	0.74%
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

Format for disclosures under Regulation 29(2) of SEBI (Substantial Acquisition of I Shares and Takeovers) Regulations, 2011 Nilachal Refractories Limited

Format for disclosures under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011	Format for disclosures under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011	Format for disclosures under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011	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
Name(s) of the acquirer and Persons Acting in Concert (PAC) with the acquirer	Niraj Jalan
.Whether the acquirer belongs toIIYes Promoter/ Promotergroup
Name(s) of the Stock Exchange(s) 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(*)
Details of the acquisition / disposal as follows			% 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) 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)	6,40,000 0 0 0 6,40,000 6,40,000 0 0 0 6,40,000	3.14% 0 0 0 3.14% 3.14% 0 0 0 3.14%	0 0 0 0 0
			0 0 0 0 0

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
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

I

Format for disclosures under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011

Format for disclosures under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011	Format for disclosures under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011	Format for disclosures under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011	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
Name(s) of the acquirer and Persons Acting in Concert (PAC) with the acquirer	Pankaj Jalan
.Whether the acquirer belongs toIIYes Promoter/ Promotergroup
Name(s) of the Stock Exchange(s) 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(*)
Details of the acquisition / disposal as follows			% 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) 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)	3,67,000 0 0 0 3,67,000 3,67,000 0 0 0 3,67,000	1.80% 0 0 0 1.80% 1.80% 0 0 0 1.80%	0 0 0 0 0
			0 0 0 0 0

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)	6,65,000 0 0 0 6,65,000	3.27% 0 0 0 3.27%	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
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