SFAL Speciality Alloys to Acquire 29.39% Stake in Nilachal Refractories for ₹ 22.00/- per Share

SFAL Speciality Alloys Limited has announced a public offer to acquire up to 59,83,928 equity shares, representing 29.39% of the total paid-up equity and voting share capital of Nilachal Refractories Limited. The offer price is set at ₹ 22.00/- per share. The acquisition is intended to delist Nilachal Refractories from the stock exchange. The offer is a triggered mandatory open offer under Regulation 3(1) and Regulation 4 of the SEBI SAST Regulations, following the execution of a share purchase agreement dated March 11, 2026.