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
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D L Millar & Co Ltd, a promoter entity holding 1,49,07,870 shares (14.23%) in Premier Polyfilm Ltd, has disclosed the release of encumbrance on 21,882 equity shares (0.02% of total share capital). The shares were originally pledged with Nuvama Wealth and Investment Limited to cover debit balance arising from share purchases beyond applicable margin limits. The Depository Participant released the pledge on 10 April 2026 upon clearance of outstanding dues. This is a revised submission following an Exchange query dated 09-05-2026.
The release of pledge indicates D L Millar has cleared its margin-related dues, reducing the encumbered shareholding to zero. This is a positive development showing reduced financial stress on the promoter's stake.