The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Patel Ankit Jayantbhai & PACs
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Patel Ankit Jayantibhai, a promoter of Promact Plastics Ltd, purchased 825 equity shares of Rs. 10 each through an open market transaction on 17th November 2025. This marginally raised his individual holding from 7.39% (4,81,114 shares) to 7.40% (4,81,939 shares). The total promoter group holding, including 10 persons acting in concert (PACs), rose slightly from 39.42% to 39.43% of the company's paid-up equity share capital of 65,11,800 shares. The disclosure has been filed under Regulation 29(2) of the SEBI Takeover Regulations. No encumbrance or voting rights changes were involved beyond the small open market purchase.
The transaction is very small in size (just 825 shares) and is unlikely to have any meaningful impact on the stock price. It simply reflects a routine, minor increase in an existing promoter's stake, signaling mild promoter confidence but not a significant change in ownership.