The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Pankaj Polytec Pvt Ltd
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Pankaj Polytec Private Limited (promoter group entity) disclosed the sale of 3,63,900 equity shares representing 6.56% of Pankaj Polymers Limited via an off-market Share Purchase Agreement (SPA) dated 12/05/2026. Prior to the transaction, Pankaj Polytec held 46.29% individually (together with PAC: 52.85%). After the sale, their holding reduced to 39.72% individually (together with PAC: 46.29% — the PAC portion being the shares now held by the buyer). The acquirer (whose identity is not named in this filing) crossed the mandatory open offer threshold of 25% under SEBI SAST Regulations. The total diluted share capital of the target company is Rs. 5,54,39,000 (55,43,900 equity shares of Rs. 10 each).
Pankaj Polytec's stake dropped below 40%, reducing promoter holding significantly. The undisclosed acquirer likely crossed 25% and triggered an open offer, which could be a material change in control structure for the company.