The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Ricky Kirpalani & PACs
POLYPLEX · price
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Ricky Kirpalani, along with 14 persons acting in concert (PACs), has disclosed an open market acquisition of shares in Polyplex Corporation Ltd. The group acquired 7,75,263 equity shares (2.47% of the company's share capital) between 15 September 2021 and 3 October 2025. This takes their total holding in Polyplex from 8,05,918 shares (2.57%) to 15,81,181 shares (5.04%). The acquirers have explicitly stated they do not belong to the promoter or promoter group of the company. This disclosure was triggered because their holding has crossed the 5% disclosure threshold under SEBI takeover regulations.
A non-promoter group has crossed the 5% shareholding threshold in Polyplex, which is a notable development for shareholders as it signals a significant external investor building a meaningful stake. While not a promoter, holding above 5% gives them voting influence and may attract market attention regarding potential further acquisitions or strategic intent.