The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Pankaj Goel
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Pankaj Goel, a promoter of Pankaj Polymers Ltd, sold 2,36,520 equity shares representing 4.27% of the total share capital through a Share Purchase Agreement (off-market). The sale was completed on 12/05/2026. Before the sale, his individual holding was 4.27% and together with Persons Acting in Concert (PAC) was 46.29%. After the sale, his individual holding became NIL while the combined holding with PAC reduced to 42.02%. The filing notes the sale was made 'pursuant to open offer'.
The promoter's stake dropped below the 50% threshold to 42.02%, which is significant as it reduces the promoter group's control over the company. This sale was executed through an off-market SPA, possibly as part of a larger transaction involving an open offer.