Pasupati Acrylon Limited has informed the Exchange about inter-se change in the shareholding of certain promoter group entities on account of Scheme of Amalgamation
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Pasupati Acrylon Limited has informed the exchange about a reshuffling of shareholding within its promoter group entities. The change is happening because of a Scheme of Amalgamation, meaning two or more promoter group companies are merging into one. As a result, the shares held by the merging entity will now be held by the surviving amalgamated entity. The total promoter group shareholding in the company is not expected to change materially since this is only an internal restructuring within the promoter family. No new external promoter or market purchase/sale is involved in this transaction.
This is a routine internal corporate restructuring and should not impact the overall promoter ownership or stock price. Shareholders should note that the identity of the promoter entity holding the shares will change, but their rights and the company's ownership structure remain essentially the same.