The Exchange has received revised Disclosure under Regulation 31(1) and 31(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 on May 14, 2026 for D L Millar & Co Ltd
PREMIERPOL · price
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D L Millar & Co Ltd, a promoter group entity holding 14.23% (1,49,07,870 shares) of Premier Polyfilm Ltd, submitted a revised disclosure regarding a pledge of 21,882 equity shares (0.02% of total share capital). The pledge was created on March 31, 2026 in favour of Nuvama Wealth and Investment Limited. The filing clarifies that the pledge was required to cover a debit balance arising from a margin trading situation where D L Millar purchased 1,70,250 equity shares (0.16% of total shareholding) on March 24, 2026 through open market. The original disclosure was revised because the company was not informed about the margin limit breach at the time, and the Depository Participant automatically pledged 21,882 shares to cover the outstanding amount. The encumbered shares represent 0.14% of the diluted share capital.
The pledge represents a small portion (0.02%) of the promoter's total holding. While the purchase of 0.16% additional shares indicates ongoing accumulation, the mandatory pledge to cover margin debt does not signal a major change in promoter commitment. Shareholders should note the promoter group continues to hold 14.23% in Premier Polyfilm.