Pursuant to Reg. 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and Regulation 3 of SEBI (Prohibition of Insider Trading) Regulations, 2015, we would like ....
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Awaiting price reaction for this filing.
Polymechplast Machines Ltd has informed the stock exchange about a proposed inter-se transfer of shares within the promoter group. Promoter Mrs. Hansaben Mahendrabhai Bhuva (mother) will gift 4,41,653 equity shares (7.88% of share capital) to her son Mr. Anand Mahendrabhai Bhuva, who is a Director and Promoter of the company. No cash consideration is involved since the transfer is by way of gift. The transaction, scheduled on or after 21st August 2025, is exempt from open offer requirements under Regulation 10(1)(a)(i) and (ii) of SEBI Takeover Regulations as it is a transfer between immediate relatives. The total promoter group holding remains unchanged before and after the transfer, but Mr. Anand Bhuva's individual stake will rise from 2.67% (1,49,287 shares) to 10.55% (5,90,940 shares), while Mrs. Hansaben Bhuva's holding will go to zero.
This is a neutral event for outside shareholders — it is a family reshuffle within the promoter group, with no change in total promoter ownership and no cash outflow. The stock price is unlikely to be materially affected, though it may be seen as a step in succession planning.