The Exchange has received the disclosure under Regulation 10(6) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Anand Mahendrabhai Bhuva
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Mr. Anand Mahendrabhai Bhuva, Director and Promoter of Polymechplast Machines Ltd, acquired 4,41,653 equity shares (7.88% of the company's share capital) from Mrs. Hansaben Mahendrabhai Bhuva by way of a gift as an off-market transaction on 25th August 2025. The transfer qualifies as a Promoters' Inter-se Transfer between Immediate Relatives and is exempt from the open offer requirement under Regulation 10(1)(a)(i) of SEBI SAST Regulations. Following this transaction, Mr. Anand Bhuva's individual holding rose from 2.67% (1,49,287 shares) to 10.55% (5,90,940 shares), crossing the 10% individual shareholding threshold. Mrs. Hansaben Bhuva's holding has gone to 0% from 7.88%. Since no consideration was involved, the total promoter group shareholding remains unchanged.
This is a reshuffling of shares within the promoter family and does not change the total promoter holding in the company. Share price is unlikely to be materially affected as the transaction involved no cash outflow or inflow. However, Mr. Anand Bhuva now individually holds more than 10% of the company, which may have implications for his classification and disclosure obligations going forward.