The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Anand Mahendrabhai Bhuva
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Anand Mahendrabhai Bhuva, Director and Promoter of Polymechplast Machines Ltd, acquired 4,41,653 equity shares (7.88% of paid-up capital) through an off-market transaction by way of gift on 25th August 2025. His holding increased from 1,49,287 shares (2.67%) to 5,90,940 shares (10.55%), crossing the 10% disclosure threshold under SEBI SAST Regulations. The company's total share capital remains Rs. 5.60 crore divided into 56,01,710 equity shares of Rs. 10 each.
The promoter's stake has nearly quadrupled (from 2.67% to 10.55%), which strengthens promoter confidence and holding in the company. This may be viewed positively by retail investors as it signals promoter commitment, though no cash was deployed since the shares came as a gift.