The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Jayantibhai Somabhai Patel & PACs
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Promoter Jayantibhai Somabhai Patel bought 99,591 equity shares (1.53%) of Promact Plastics Ltd on 29th May 2026 through open market purchase, taking his individual holding from 5.57% to 7.10%. At the same time, two PAC members sold shares: Patel Sachin Narottambhai offloaded 75,000 shares (1.15%) and Krishnaben Dharmendrabhai Patel sold 32,500 shares (0.50%). Despite the buy, the net promoter group holding fell marginally from 40.42% to 40.30% (a dip of 7,909 shares or 0.12%) due to the PAC sales. The total equity capital remains 65,11,800 shares of Rs. 10 each. No encumbrance or pledge activity is reported. The disclosure was filed under SEBI Takeover Regulations, 2011.
Signals continued promoter-group confidence through open-market buying by the named acquirer, though internal rebalancing within the promoter family slightly trimmed the aggregate holding. The acquirer's individual stake is now approaching the 10% regulatory threshold, which could invite further disclosures if purchases continue.