The Exchange has received the disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Umesh Kumar Sahay & PAC
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Mr. Umesh Kumar Sahay, along with PAC Mr. Abhishek Narbaria, acquired 1,63,800 equity shares of Synthiko Foils Limited on August 21, 2025, through an off-market Share Purchase Agreement dated May 2, 2025. Before the acquisition, the acquirer held zero shares; after the deal, his holding stands at 9.41% of the total voting capital (17,40,000 equity shares). The disclosure notes that the acquirer has now become part of the Promoter group of Synthiko Foils Limited due to this acquisition. No encumbrance, warrants, or convertible instruments were involved in the transaction.
This marks a change in the promoter structure of Synthiko Foils, with a new promoter entering at 9.41% stake, giving him meaningful influence even at a sub-10% level. Shareholders should note the off-market nature of the deal and watch for any further acquisitions by the new promoter, which would trigger additional disclosures if it crosses 10%.