The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Umesh Kumar Sahay & PACs
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Umesh Kumar Sahay, along with PACs Abhishek Narbaria and Sixth Venture Advisors LLP, disclosed acquisition of 76,21,258 equity shares (about 52.64%) of Synthiko Foils Limited under a preferential allotment made by way of share swap (non-cash consideration) on December 24, 2025. Their combined holding in Synthiko Foils has risen from 52.29% (4,54,926 shares) to 55.78% (80,76,184 shares). The total share capital of Synthiko Foils expanded sharply from Rs. 87 lakh (8.7 lakh shares) to about Rs. 14.48 crore (1.44 crore shares), reflecting large new shares issued against the swap. Mr. Sahay is classified as a Promoter in this transaction and already held over 50% before the deal, so he is consolidating, not crossing, the open-offer threshold.
This is a promoter-level restructuring that increases an already controlling stake in Synthiko Foils Limited and significantly expands its equity base via non-cash issuance. For shareholders, this signals consolidation of promoter control with no fresh cash coming into the company, though the sharp jump in share count may dilute minority shareholders' relative stakes.