The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Jayantibhai Patel & PACs
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Jayantibhai Somabhai Patel, a promoter of Promact Plastics Ltd, purchased 53,127 equity shares (0.82%) in an open market transaction on May 27, 2026. Following this acquisition, his individual holding increased from 4.75% to 5.57%. The promoter group (acquirer + 10 Persons Acting in Concert) collectively held 39.60% before the purchase and now holds 40.42% after the acquisition. Total shares acquired by the company stand at 65,11,800 of Rs. 10 each. No warrants, convertible securities, or share encumbrances were involved in this transaction.
The promoter group has crossed the 40% ownership threshold, signalling continued confidence in the company. Open market buying by a promoter is generally viewed as a positive signal by retail investors, though it is a relatively small incremental purchase.