Premier Polyfilm Limited has submitted to the Exchange a copy of Disclosure under Regulation 31(1) and 31(2) of SEBI (SAST) Regulations, 2011.
PREMIERPOL · price
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D L Millar & Co Ltd, part of the promoter group of Premier Polyfilm Limited, has disclosed creation of a pledge on 21,882 equity shares (0.02% of total share capital) on March 31, 2026. The pledge arose because the depository participant (Nuvama Wealth) had permitted the entity to purchase shares beyond applicable margin limits, and these shares were pledged to cover the resulting debit balance. The promoter group had earlier bought 1,70,250 shares (0.16%) on March 24, 2026 through the open market. Total promoter holding stands at 1,49,07,870 shares (14.23%) with encumbered shares now at 1,49,29,752 (14.25%). The filing is being made as a revised disclosure under SEBI SAST Regulations, with the promoter group stating there was no intention to conceal information.
This is a minor technical disclosure related to a small pledge (0.02%) created due to a margin issue at the depository, not a deliberate financial action. Shareholders should note promoter holdings remain around 14%, and the delayed disclosure has been voluntarily rectified, so the stock price impact is likely minimal.