Promoter group raises stake in Swashthik Plascon to 46.57 percent via open market buys
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On the reaction day the stock moved 6.4 pts more than Nifty Microcap 250 and 6.8 pts more than its Plastic Products - Industrial peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Promoter Mahendra Kumar P along with five PACs bought 4,11,200 equity shares (2.13 percent stake) of Swashthik Plascon via open market between June 19 and August 10, 2026. Combined promoter group holding rose from 44.46 percent to 46.57 percent. Total equity capital is 1,94,67,995 shares of face value Rs 10.
Signals promoter confidence. Stake now within 3.5 percent of 50 percent threshold, which could trigger takeover code implications if crossed.