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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Jayantibhai Somabhai Patel, a promoter of Promact Plastics Ltd, purchased 5,330 equity shares of Rs. 10 each on 1st June 2026 through the open market. This increased his individual holding from 7.10% (4,61,792 shares) to 7.18% (4,67,122 shares) of the company's equity capital. The total promoter group holding (acquirer plus 10 persons acting in concert) rose marginally from 40.30% to 40.38%. No encumbrance, warrants, or convertible securities are involved, and the disclosure is filed under SEBI Takeover Regulations. The equity share capital remains unchanged at Rs. 6.51 crore (65,11,800 shares).
This is a small open-market purchase by a promoter showing continued confidence in the company, but the size is too minor to materially affect stock price or promoter control. No significant change in promoter shareholding or voting power.