The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Parasmal M & PACs
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 4.7 pts less than Nifty Microcap 250 and 3.8 pts less 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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Parasmal M and Umrao P, along with six persons acting in concert (PACs), bought a total of 4,59,200 equity shares of Swashthik Plascon Ltd through open market purchases between 21st August and 10th September 2025. Parasmal M acquired 1,92,000 shares, while Umrao P acquired 2,67,200 shares. The promoter group's combined shareholding rose from 76,94,877 shares (39.53%) to 81,54,077 shares (41.88%) of the total equity share capital, an increase of about 2.35 percentage points. The filings were made under Regulation 29(2) of the SEBI Takeover Regulations, with disclosures signed from Pondicherry on 12th September 2025.
The promoter group is increasing its stake, which is generally viewed as a confidence signal. However, the acquisition is being done in tranches via the open market, keeping the holding below 50% and within permissible creeping acquisition limits. No immediate takeover trigger is apparent, but shareholders should watch for further promoter buying toward higher thresholds.