The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Jayantbhai Somabhai Patel & PACs
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Jayantibhai Somabhai Patel, a promoter group member, acquired 10,901 equity shares (0.17%) of Promact Plastics Ltd through open market purchase on 26th May, 2026. After the acquisition, his holding increased from 4.58% to 4.75%. The total promoter group holding (acquirer + 10 PACs) increased from 39.43% to 39.60%, representing 25,78,784 shares out of 65,11,800 total equity shares. The acquirer confirmed no shares are pledged or under any encumbrance. This disclosure is filed under Regulation 29(2) read with Regulation 29(3) of SEBI SAST Regulations, 2011.
Promoter buying activity signals confidence in the company. The promoter group holding approaching 40% is significant as this threshold triggers open offer obligations under SAST regulations, which could impact future acquisition plans and stock sentiment.