The Exchange has received the disclosure under Regulation 10(5) in respect of acquisition under Regulation 10(1)(a) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, ....
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Mr. Anand Mahendrabhai Bhuva, a promoter and director of Polymechplast Machines Ltd, has informed the exchange about a proposed acquisition of 4,41,653 equity shares (7.88% of share capital) from his mother Mrs. Hansaben Mahendrabhai Bhuva, also a promoter, by way of a gift. The transfer is an inter-se transfer among immediate relatives under Regulation 10(1)(a) of SEBI Takeover Regulations, so no open offer is triggered and no consideration is involved. Post-transaction, the acquirer's stake will rise from 2.67% to 10.55%, while the seller's holding will go from 7.88% to 0%. The transfer is expected to take place on or after 21st August 2025.
This is a routine family-level reshuffling of promoter holdings with no cash involved and no change in total promoter group control, so there is no material impact on share price or minority shareholders. It simply concentrates more of the promoter stake in the director's name.