The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Rahul Nagar & PACs
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Rahul Nagar (along with PACs Vikas Garg, Sandeep Jain, and Himanshu Arora) has disclosed an acquisition of 4,64,310 shares (8.38%) in Pankaj Polymers Ltd via a Share Purchase Agreement, off-market, pursuant to an open offer. Before this acquisition, the group held 27,08,686 shares (48.86%). After acquiring the additional shares, their total holding increased to 31,72,996 shares (57.23%). The acquirer has been classified as an 'Incoming Promoter' following a Share Purchase Agreement dated January 14, 2026 with existing promoters for acquiring 58.15% stake. The total equity share capital remains Rs. 5,54,39,000 (55,43,900 equity shares of Rs. 10 each).
The incoming promoter group has crossed the 50% threshold, holding 57.23% of the company, signalling a change in control. This is a significant development as the new promoters have taken majority ownership through an open offer process.