The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Prabha Kedia
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Prabha B Kedia, a member of the Promoter/Promoter Group of Pankaj Polymers Ltd, sold 2,09,228 equity shares representing 3.77% of the total share capital. The sale was executed on 12/05/2026 via an off-market Share Purchase Agreement and pursuant to an open offer. Before the transaction, her total holding (individually and with PAC) was 46.29%, which has now reduced to 42.52%. She now holds NIL shares in her individual capacity while holding 23,56,782 shares (42.52%) together with Persons Acting in Concert (PAC). The total share capital of the company remains at Rs. 5,54,39,000 comprising 55,43,900 equity shares of Rs. 10 each.
The promoter group has dropped below the 50% ownership threshold, which could signal a potential change in control or dilution of promoter holding. This sale of 3.77% via open offer may indicate a larger corporate restructuring or takeover activity in progress.