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

Creeping Acquisition Near ThresholdOwnership Changes View source PDF

JINDALPOLY · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reaction · full curve 14 horizons · vs prior close

-8.3%1-day move

₹840.00

prior close

₹813.00

base price

In-mkt

timing

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+0.0+0.0+0.2+0.1-8.3-12.4-13.3-16.0-14.9-13.2-13.7-15.2-20.3-18.6

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AI summary

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.

Likely market impact

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.