TCPL Packaging Ltd saw Clarus Trust cross the 5% shareholding threshold following an open market acquisition of 2,339 equity shares on September 23, 2026. The transaction raised the acquirer's aggregate holding to 5.01% of the company's total voting capital.

The disclosure was filed under Regulation 29(1) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The acquirer comprises Clarus Capital I, Clarus Capital II, and Clarus Capital I - LVF 2, which are schemes of Clarus Trust, a Category III Alternative Investment Fund registered with SEBI. ChrysCapital Associates LLP serves as the Investment Manager for the Trust.

Acquisition Details

The acquisition was executed through the open market route involving fully paid equity shares with a face value of ₹10 each. Prior to this transaction, the acquirer along with persons acting in concert held 4.98% of the total share capital. The additional purchase pushed the stake above the mandatory reporting limit.

Stakeholder Structure

The acquirer group includes specific investment schemes managed by ChrysCapital Associates LLP. ClearEdge LLC is identified as a person acting in concert with the acquirer. The filing confirms that the acquirer does not belong to the promoter or promoter group category.

The total equity share capital of TCPL Packaging remains unchanged at ₹9.10 crore, comprising 91,00,000 equity shares of ₹10 each. There were no changes in the diluted share capital, as no convertible securities or warrants were involved in the transaction.

What the Numbers Show

The crossing of the 5% threshold is driven by a marginal increase in holdings. The acquirer moved from 4.98% to 5.01% by acquiring just 2,339 shares, representing a 0.03% increment in total shareholding. This indicates that the acquirer was already positioned very close to the regulatory reporting trigger point prior to the September 23 transaction.

TCPL Packaging promoter Saket Kanoria has reduced his shareholding in the packaging firm following the disposal of 1,000 equity shares. The transaction, executed on September 23, 2026, brings his total holding down to 42,004 shares, representing 0.46% of the company's total voting capital.

The disclosure was filed with the Bombay Stock Exchange and the National Stock Exchange on September 24, 2026. It was submitted under Regulation 7(2) read with Regulation 6(2) of the SEBI (Prohibition of Insider Trading) Regulations, 2015, and Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

Transaction details

The sale was conducted through an off-market or inter-se transfer mechanism. Prior to this transaction, Kanoria held 43,004 shares, which constituted 0.47% of the total share capital. The disposal of 1,000 shares accounts for a marginal decrease of 0.01% in his ownership percentage.

The total equity share capital of TCPL Packaging remains unchanged at 9,100,000 equity shares of ₹10 each. There are no outstanding convertible securities or warrants that would alter the diluted share capital figures.

Promoter group context

Saket Kanoria is part of the promoter group, which includes entities such as Accura Form Private Limited, Narmada Fintrade Private Limited, and Samridhi Holding Private Limited. Other individuals in the Persons Acting in Concert (PAC) category include Urmila Kanoria, Kahini Saket Kanoria, Akshay Kanoria, Rishav Kanoria, Vidur Kanoria, Sangita Jindal, and Sajjan Jindal.

The filing confirms that the acquirer belongs to the Promoter/Promoter group category. The compliance officer at TCPL Packaging Limited was copied on the communication for record-keeping purposes.