The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Pankaj Capfin Pvt Ltd
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Pankaj Capfin Private Limited, part of the Promoter Group, has sold 6,57,617 equity shares (11.86%) of Pankaj Polymers Limited through an off-market Share Purchase Agreement. The sale was executed on 30 March 2026. After the transaction, Pankaj Capfin's individual holding reduced to NIL from 11.86%. The combined Promoter Group holding (including PAC) decreased from 58.15% to 46.29%, dropping below the 50% threshold. The total share capital remains unchanged at 55,43,900 equity shares of Rs.10 each.
The Promoter Group stake has fallen below 50%, which could signal reduced promoter confidence or a change in control dynamics. This significant reduction in promoter holding may impact market sentiment and could attract new acquirers given the shares are being transferred via SPA and open offer.