The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for M Prasad & Co Ltd & PACs
JINDALPOLY · price
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On the reaction day the stock moved 3.1 pts less than Nifty Microcap 250 and 3.3 pts less than its Packaging peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Monet Securities Pvt. Ltd., along with Persons Acting in Concert (PACs) including M Prasad & Co. Ltd. and Mace Venture, acquired 14,09,536 equity shares of Jindal Poly Films Ltd through open market purchases on March 24, 2026 and April 8, 2026. This acquisition increased their total holding from 8.18% (35,81,354 shares) to 11.40% (49,90,890 shares), representing a 3.22 percentage point increase. The acquirer explicitly stated they do not belong to the promoter/promoter group of the company. The total diluted share capital of the company remains unchanged at Rs. 43.78 crore divided into 4,37,86,413 equity shares of Rs. 10 each.
A non-promoter entity has accumulated an 11.40% stake through open market purchases, which may signal potential interest in the company's affairs or future strategic action. Investors should monitor further disclosures as the holding approaches the 25% threshold requiring open offer obligations.