The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Umesh Kumar Sahay & PAC
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Mr. Umesh Kumar Sahay, a promoter of Synthiko Foils Limited (BSE: 513307), along with PAC Mr. Abhishek Narbaria, has acquired 2,89,640 equity shares of the company through an off-market transaction pursuant to a Share Purchase Agreement dated May 2, 2025, with the actual acquisition taking place on August 22, 2025. This represents 16.64% of the company's paid-up equity capital (total shares: 17,40,000 of Rs. 5 each). Before the acquisition, the promoter held 1,63,800 shares (9.41%); after the acquisition, his holding stands at 4,53,440 shares (26.05%). No encumbrance, warrants, or convertible instruments are involved in the transaction.
The promoter's stake has risen significantly from 9.41% to 26.05%, consolidating promoter control in the company. This is a sizeable block deal via SPA, which may be seen positively as a sign of promoter commitment, though it remains well below the 50% majority threshold.