D L Millar raises stake in Premier Polyfilm to 15.31%

1 min read     Updated on 18 Jun 2026, 11:50 AM
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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 15.31% through an open market purchase of 95,270 shares on June 17, 2026. The acquisition, disclosed under SEBI (SAST) Regulations, raised the promoter group company's holding from 15.22%. The total paid-up equity share capital of Premier Polyfilm Limited remains Rs. 10,47,42,475.

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D L Millar & Co Ltd, a promoter group company, has increased its shareholding in Premier Polyfilm Limited to 15.31% following an open market acquisition on June 17, 2026. The acquirer purchased 95,270 equity shares, representing 0.09% 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 1,59,43,935 shares, accounting for 15.22% 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 1,60,39,205 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 1,59,43,935 15.22%
Shares acquired 95,270 0.09%
Holding after acquisition 1,60,39,205 15.31%

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
+0.43%+12.97%+25.77%+70.81%+34.65%-3.07%

Does this increase in shareholding signal a potential move toward a full takeover or further consolidation by the promoter group?

How might the market react to this acquisition in terms of Premier Polyfilm's stock price and trading volume?

Will D L Millar & Co Ltd continue to acquire additional shares through the open market in the near future?

Premier Polyfilm promoter resubmits share acquisition disclosure

1 min read     Updated on 12 Jun 2026, 12:52 PM
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Reviewed by
Anirudha BScanX News Team
AI Summary

Premier Polyfilm Limited promoter Amar Nath Goenka resubmitted a disclosure to BSE and NSE regarding the acquisition of 20,448 shares on January 23, 2026, increasing his stake to 5.32%. The filing, submitted on June 12, 2026, complies with SEBI regulations and confirms no other instruments were involved in the transaction.

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Premier Polyfilm Limited promoter Amar Nath Goenka resubmitted a disclosure to the stock exchanges regarding his acquisition of shares, which increased his stake in the company to 5.32%. The transaction involved the purchase of 20,448 equity shares on January 23, 2026, representing 0.02% of the total issued and paid-up share capital. The revised filing was submitted to BSE Limited and the National Stock Exchange of India Limited on June 12, 2026, in compliance with Regulation 29(2) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

Prior to this transaction, Goenka held 55,49,571 shares, accounting for 5.30% of the company's equity share capital. Following the open market acquisition, his total holding stands at 55,70,019 shares. The equity share capital of Premier Polyfilm Limited remains at Rs. 10,47,42,475, comprising 10,47,42,475 equity shares of Rs. 1 each. The total diluted share and voting capital of the company also remains unchanged at Rs. 10,47,42,475.

Shareholding Details

The following table outlines the changes in the promoter's shareholding:

Description Number of Shares % of Total Share Capital % of Total Diluted Share Capital
Before Acquisition
Shares carrying voting rights 55,49,571 5.30% 5.30%
Acquisition Details
Shares acquired 20,448 0.02% 0.02%
After Acquisition
Total shares held 55,70,019 5.32% 5.32%

The resubmission was made following an email from the exchange dated June 11, 2026. The filing confirms that no other instruments such as warrants or convertible securities were involved in the transaction.

Historical Stock Returns for Premier Polyfilm

1 Day5 Days1 Month6 Months1 Year5 Years
+0.43%+12.97%+25.77%+70.81%+34.65%-3.07%

Does this increase in promoter stake signal a potential strategy to consolidate control or ward off takeover threats?

Should investors expect further open market purchases by the promoter to cross the next significant threshold?

How will the market interpret this compliance-driven resubmission regarding the company's corporate governance standards?

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