D L Millar & Co Ltd, a promoter group entity of Premier Polyfilm , sold 82,001 equity shares in the company through the open market on July 23, 2026. The transaction resulted in a 0.08% reduction in the promoter group’s holding, bringing its total stake down to 15.23% of the total voting capital. This disposal reflects a minor adjustment in the promoter group’s portfolio without altering the overall control structure of the company.

The disclosure was filed under Regulation 29(2) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. D L Millar notified the Listing Departments of both the Bombay Stock Exchange (BSE) and the National Stock Exchange of India Limited (NSE). The notification was also directed to Heena Soni, Company Secretary and Compliance Officer of Premier Polyfilm Limited, and the Chairperson of the Audit Committee.

Prior to the transaction, D L Millar held 1,60,39,205 shares carrying voting rights, representing 15.31% of Premier Polyfilm’s total shareholding. The filing confirmed that there were no encumbrances, pledges, or other instruments such as warrants or convertible securities associated with the holding before the sale. The entire disposal consisted of shares carrying voting rights executed on the open market.

Following the sale, D L Millar’s remaining holding stands at 1,59,57,204 equity shares. This post-transaction stake accounts for 15.23% of the total voting capital of Premier Polyfilm Limited. The company’s total equity share capital remains unchanged at ₹10,47,42,475, comprising 10,47,42,475 equity shares of ₹1 each. The total diluted share/voting capital is reported at the same figure, indicating no outstanding convertible securities affecting the diluted count.

Transaction Details

The disclosure confirms that D L Millar continues to be part of the promoter group of Premier Polyfilm Limited. No other changes in shareholding structure, encumbrances, or voting rights were reported alongside this specific open-market transaction. Subhash Kumar Pandit, Director of D L Millar & Co Ltd, signed the disclosure document dated July 24, 2026.

Premier Polyfilm Limited reported a 51% year-on-year increase in net profit to ₹9.08 crore for the quarter ended June 30, 2026, driven by robust operational performance. Revenue from operations surged to ₹100.06 crore from ₹74.44 crore in the corresponding period of the previous year. EBITDA for the quarter rose to ₹12.90 crore, with the margin expanding to 12.90% from 12.30% in the same quarter last year.

Financial Performance

The Board of Directors approved the standalone unaudited financial results for the quarter and year ended June 30, 2026, during its meeting held on July 18, 2026. The Statutory Auditor issued a Limited Review Report on these results. Total income for the quarter stood at ₹100.65 crore, up from ₹74.97 crore in the year-ago period. Total expenses increased to ₹88.51 crore from ₹66.73 crore, primarily due to higher material costs.

Operational Metrics

The debt-equity ratio improved to 0.10 from 0.09, while the interest service coverage ratio strengthened to 61.65. Basic earnings per share for continuing operations increased to ₹0.87 from ₹0.57 in the previous year. The company noted that it is primarily engaged in the manufacturing and sale of Flexible PVC Flooring, Film, and Sheets, and therefore segment reporting is not applicable.

Regulatory Disclosures

As of June 30, 2026, the company has ongoing disputes with GST authorities regarding tax classification and applicable rates for certain products. The total demand, which stood at ₹183 lakhs as of March 31, 2025, was revised to ₹98.58 lakhs following partial relief. The company has filed an appeal with the GST Appellate Tribunal to contest the balance demand order.