DL Millar & Co Ltd has submitted to the Exchange a copy of Disclosure under Regulation 31(1) and 31(2) of SEBI (SAST) Regulations, 2011.
PREMIERPOL · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
D L Millar & Co Ltd, a promoter of Premier Polyfilm Limited, has filed a revised disclosure regarding the creation of a pledge on 21,882 equity shares (0.02% of total share capital) on March 31, 2026. The pledge arose because the company's depository participant, Nuvama Wealth and Investment Limited, had allowed purchases beyond applicable margin limits during an earlier open-market purchase of 1,70,250 shares (0.16%) on March 24, 2026, and auto-pledged shares to cover the resulting debit balance. Before this event, the promoter had NIL shares encumbered; after the event, the promoter's total holding stands at 1,49,07,870 shares (14.23%) with 21,882 shares pledged. The promoter clarified there was no intent to conceal information and the omission was due to circumstances beyond their knowledge at the time of the original filing.
This is a minor technical disclosure — only 0.02% of shares were pledged and it was an involuntary margin-related event rather than a financial stress signal. Shareholders should note the promoter buying shares in the open market is mildly positive, but the pledge creation, though small, may raise minor governance questions around margin practices.