The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Mahendra Kumar P & PACs
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Mahendra Kumar P, Nirmala M, and their Persons Acting in Concert (six other promoter-group members) have purchased 4,00,000 equity shares (2.05% of paid-up capital) of Swashthik Plascon Ltd from the open market between 18 and 29 September 2025. Mahendra Kumar P acquired 2,22,400 shares (1.14%), while Nirmala M acquired 1,77,600 shares (0.91%); PACs' holdings remained unchanged at 46,78,032 shares (24.03%). As a result, the promoter-group combined holding has risen from 41.88% (81,54,077 shares) to 43.94% (85,54,077 shares), taking them closer to the 45% creeping-acquisition threshold. The total equity capital of the company stands at 1,94,67,995 shares of face value Rs. 10 each, listed on BSE.
This is a confidence-building move by the promoter group, signalling insider conviction in the company's prospects. For shareholders, the increased promoter holding reduces free float slightly but improves promoter skin-in-the-game; the next Rs. 10-11 crore of promoter buying would likely test the 5% creeping cap and open-offer trigger thresholds, so further accretions should be watched closely.