D L Millar & Co Ltd increases stake in Premier Polyfilm to 14.84%

1 min read     Updated on 10 Jun 2026, 12:11 PM
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Reviewed by
Naman SScanX News Team
AI Summary

D L Millar & Co Ltd increased its shareholding in Premier Polyfilm Limited to 14.84% by acquiring 1,99,218 equity shares through the open market on June 09, 2026. The acquisition raised the promoter group company's stake from 14.65% to 14.84%. The disclosure was made under Regulation 29(2) of the SEBI (SAST) Regulations, 2011.

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D L Millar & Co Ltd, a promoter group company, has increased its shareholding in Premier Polyfilm Limited to 14.84% following an open market acquisition on June 09, 2026. The acquirer purchased 1,99,218 equity shares, representing 0.19% of the target company's total share capital. The disclosure was submitted to the stock exchanges under Regulation 29(2) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

Prior to this transaction, D L Millar & Co Ltd held 1,53,41,027 shares, accounting for 14.65% of the total voting capital. The acquisition was executed entirely through the open market route. Following the purchase, the acquirer's total holding stands at 1,55,40,245 equity shares.

Shareholding Details

The table below outlines the changes in shareholding for D L Millar & Co Ltd before and after the transaction:

Description Number of Shares Percentage of Shareholding
Holding before acquisition 1,53,41,027 14.65%
Shares acquired 1,99,218 0.19%
Holding after acquisition 1,55,40,245 14.84%

Transaction and Capital Structure

The equity shares of Premier Polyfilm Limited are listed on BSE Limited and NSE Limited. The total paid-up equity share capital of the target company remains unchanged at Rs. 10,47,42,475, comprising 10,47,42,475 equity shares of Rs. 1 each. The total diluted share capital also remains at 10,47,42,475 equity shares. The disclosure was signed by Subhash Kumar Pandit, Director of D L Millar & Co Ltd.

Historical Stock Returns for Premier Polyfilm

1 Day5 Days1 Month6 Months1 Year5 Years
-0.31%-0.60%-2.72%+28.97%+1.91%+453.47%

Does D L Millar & Co Ltd plan to further increase its stake in Premier Polyfilm Limited in the near future?

How might this increased shareholding influence the strategic direction or governance of Premier Polyfilm Limited?

What impact could this acquisition have on the stock price and investor sentiment of Premier Polyfilm Limited?

Premier Polyfilm revises FY26 disclosure on 21,882 pledged shares

1 min read     Updated on 06 Jun 2026, 01:44 PM
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Reviewed by
Ashish TScanX News Team
AI Summary

D L Millar & Co Ltd revised its yearly disclosure for FY26 to report the pledging of 21,882 shares by the Depository Participant following a debit balance. The total promoter group holding remains unchanged at 7,29,24,477 shares.

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D L Millar & Co Ltd, a promoter group company, revised its yearly disclosure under SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 for the financial year ended March 31, 2026. The revision clarifies that 21,882 equity shares of Premier Polyfilm Limited were pledged by the Depository Participant due to a debit balance arising from excess share purchases without adequate margin. The company had previously submitted a disclosure on April 4, 2026, which did not capture this pledge as the promoter was unaware of the DP's action at the time of acquisition on March 25, 2026.

The disclosure confirms that while the specific shares were encumbered, there is no change in the total number of shares held by the promoter group, which stands at 7,29,24,477 equity shares representing 69.62% of the total share capital. The filing was submitted to ensure compliance with Regulation 31(4) of the SEBI (SAST) Regulations, 2011.

Shareholding Details

The revised disclosure provides a comprehensive breakdown of the shareholding and pledged shares as on March 31, 2026. D L Millar & Co Ltd holds a significant portion of the promoter group stake, with the 21,882 shares now formally recorded as pledged.

Particulars Number of Shares % of Total Share Capital
Total Promoter Group Holding 7,29,24,477 69.62%
D L Millar & Co Ltd Holding 1,49,07,870 14.23%
Shares Pledged (D L Millar) 21,882 0.02%
Total Pledged Shares 21,882 0.02%

The document was signed by Amar Nath Goenka, Chief Promoter, and addressed to the BSE Limited and National Stock Exchange of India Limited. Heena Soni, Company Secretary & Compliance Officer of Premier Polyfilm Limited, was also intimated regarding the revised disclosure.

Historical Stock Returns for Premier Polyfilm

1 Day5 Days1 Month6 Months1 Year5 Years
-0.31%-0.60%-2.72%+28.97%+1.91%+453.47%

What specific measures will D L Millar & Co Ltd implement to prevent future margin shortfalls and subsequent involuntary share pledging?

Could this incident signal underlying liquidity issues within the promoter group that might affect their long-term holding strategy?

How might this disclosure impact investor confidence and the stock's volatility in the short term?

More News on Premier Polyfilm

1 Year Returns:+1.91%