The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Himanshu Arora & PACs
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Himanshu Arora along with PACs (Vikas Garg, Sandeep Jain, Rahul Nagar) acquired 10,45,380 equity shares (18.86%) of Pankaj Polymers Limited through an off-market Share Purchase Agreement dated May 12, 2026. Prior to this, only Sandeep Jain held 6,57,648 shares (11.86%) among the group. Post-acquisition, the acquirer group collectively holds 17,02,956 shares (30.72%). The filing notes that a larger SPA was signed on January 14, 2026 covering 32,23,627 shares (58.15%) for control of the company, with the balance 27.43% to be executed subsequently, after which the group will become new promoters of the company.
This represents a significant change in promoter control of Pankaj Polymers, with Himanshu Arora and his PACs accumulating a ~31% stake and set to become the new promoters by completing the full 58.15% SPA. Existing shareholders may see this as a positive consolidation of ownership.