`The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Neha Himesh Dadhia & PACs
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Mrs. Neha Himesh Dadhia, along with persons acting in concert (PACs) including Yogesh Dadhia, Bhavesh Dadhia, Urmila Ramesh Dadhia, and Ramesh Dadhia, acquired 1,63,600 equity shares of Synthiko Foils Limited on June 11, 2025. This was a fresh acquisition as her holding was Nil prior to the transaction. Post-acquisition, she holds 9.40% of the company's total equity and voting capital, which stands at 17,40,000 shares of Rs. 5/- each. The disclosure was filed under SEBI SAST Regulation 29(2) and 10(6), triggered because the acquisition crossed the 5% disclosure threshold. The acquirer belongs to the promoter/promoter group of the target company.
A promoter group member buying a fresh 9.40% stake is generally viewed positively by retail investors as it signals insider confidence in the company. However, the holding remains just below the 10% open offer trigger threshold, so further acquisitions by the promoter group could attract an open offer obligation.