D L Millar raises stake in Premier Polyfilm to 14.44%
D L Millar & Co Ltd increased its shareholding in Premier Polyfilm Limited by acquiring 2,01,275 equity shares via open market on May 29, 2026. This purchase raised the promoter group company's total stake to 14.44% from 14.25%. The disclosure was made under Regulation 29(2) of SEBI (SAST) Regulations, 2011.
*this image is generated using AI for illustrative purposes only.
D L Millar & Co Ltd, a promoter group company of Premier Polyfilm Limited , has increased its shareholding in the target company through an open market transaction. The acquisition involved 2,01,275 equity shares, representing 0.19% of the total share capital, executed on May 29, 2026. This move raises the acquirer's total stake in Premier Polyfilm Limited to 14.44%.
Prior to this transaction, D L Millar & Co Ltd held 1,49,29,752 shares, which accounted for 14.25% of the company's voting rights. The purchase was disclosed to the stock exchanges in compliance with Regulation 29(2) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The filing was submitted by Subhash Kumar Pandit, Director of D L Millar & Co Ltd.
The equity share capital of Premier Polyfilm Limited 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 this level. The shares of Premier Polyfilm Limited are listed on BSE Limited and National Stock Exchange of India Limited under the scrip codes 514354 and PREMIERPOL, respectively.
Shareholding Details
The following table outlines the changes in D L Millar & Co Ltd's shareholding following the acquisition:
| Description | Number of Shares | Percentage of Share Capital |
|---|---|---|
| Holding before acquisition | 1,49,29,752 | 14.25% |
| Shares acquired | 2,01,275 | 0.19% |
| Holding after acquisition | 1,51,31,027 | 14.44% |
The acquisition was conducted via the open market route. The disclosure confirms that the acquirer belongs to the promoter group of Premier Polyfilm Limited.
Historical Stock Returns for Premier Polyfilm
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +1.15% | -4.66% | +3.84% | +20.38% | +1.71% | +471.81% |
Does this increase in promoter shareholding signal potential plans for a further open market offer or delisting?
How will this accumulation by the promoter group influence retail investor confidence and stock liquidity?
Are there any upcoming corporate actions, such as a capital restructuring or dividend announcement, that may have prompted this acquisition?
19
Access Market Heat-map & Insights 
Create, Save & Share your Screener 
Use 200+ Screening Filters 
