Report under Regulation 10(7) of SEBI (Substantial Acquisition of Shares) Regulations, 2011, pursuant to inter-se transfer of shares among Promoters of the Company under Reg. 10(1)(a)(i) ....
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Mr. Anand Mahendrabhai Bhuva, Director and Promoter, acquired 4,41,653 equity shares (7.88% of paid-up capital) of Polymechplast Machines Ltd by way of a gift from his mother, Mrs. Hansaben Mahendrabhai Bhuva, on 25th August 2025. The transaction was an off-market, no-consideration inter-se transfer between immediate relatives, exempting it from an open offer under Regulation 10(1)(a)(i) of SEBI (SAST) Regulations, 2011. Post-acquisition, Mr. Anand Bhuva's stake rose to 10.55% (from 2.67%), while Mrs. Hansaben Bhuva's holding went to 0% (from 7.88%). Total promoter and promoter group shareholding remains unchanged at approximately 36.5%, confirming this is purely a private family arrangement with no change in control. The company paid SEBI fees of Rs. 1,77,000 (including GST) and filed all required disclosures (Reg. 10(5), 10(6), 29(2), and 7(2)).
No material impact on the stock or minority shareholders, as this is a within-family transfer that does not change total promoter ownership or trigger any open offer obligations. The reshuffle concentrates a larger stake in the hands of the younger promoter/Director.