Jayantibhai Patel increases stake in Promact Plastics to 9.42%

Jayantibhai Somabhai Patel has increased his shareholding in Promact Plastics Limited to 9.42% through an open market acquisition of 1,46,101 equity shares on June 3, 2026. This transaction adjusts the total promoter group holding to 40.37%, following a reduction in stakes by other Persons Acting in Concert (PAC). The disclosure was filed under Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

Prior to this acquisition, Jayantibhai Somabhai Patel held 7.18% of the total paid-up equity share capital, amounting to 4,67,122 shares of Rs. 10 each. Following the purchase, his individual holding rose to 6,13,223 shares. The acquisition coincided with a reshuffle within the promoter group, which saw Patel Mital Sachinkumar and Patel Mittal D reduce their holdings by 81,188 and 65,000 shares respectively.

The total equity share capital of Promact Plastics Limited remains unchanged at Rs. 6,51,18,000, representing 65,11,800 fully paid-up equity shares of Rs. 10 each. The diluted share capital also remains constant at this level. The acquirer confirmed that the shares were purchased on the open market and that no encumbrance, warrants, or convertible securities were involved in the transaction.

The following table details the shareholding changes within the promoter group following the acquisition and sale of shares:

Shareholder	Shares Before	Shares Acquired/(Sold)	Shares After	Holding % After
Jayantibhai Somabhai Patel	4,67,122	1,46,101	6,13,223	9.42
Jayantilal Somabhai Patel HUF	3,56,837	NIL	3,56,837	5.48
Payalben Jayantilal Patel	3,70,834	NIL	3,70,834	5.69
Patel Ankit Jayantibhai	4,81,939	NIL	4,81,939	7.40
Nikita Jayantilal Patel	2,70,943	NIL	2,70,943	4.16
Savitaben Jayantilal Patel	2,65,749	NIL	2,65,749	4.08
Patel Narottambhai Somabhai HUF	1,89,720	NIL	1,89,720	2.91
Patel Mital Sachinkumar	1,61,188	(81,188)	80,000	1.23
Patel Sachin Narottambhai	0	NIL	0	0.00
Patel Mittal D	65,000	(65,000)	0	0.00
Krishnaben Dharmendrabhai Patel	0	NIL	0	0.00
Total	26,29,332	(87)	26,29,245	40.37

The filing confirms that all regulatory disclosure requirements have been met regarding the substantial acquisition of shares. The promoter group continues to hold a significant stake in the company, which is listed on BSE Limited.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
0.0%	-4.96%	+11.05%	0.0%	-6.45%	+284.47%

Promact Plastics (formerly known as Promact Impex Limited) has notified BSE Limited of a forthcoming Board of Directors meeting, scheduled for May 18, 2026, to consider and approve the company's standalone audited financial results for the financial year 2025-26 ended on March 31, 2026. The intimation was submitted on May 11, 2026, in compliance with Regulation 29 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Board Meeting Details

The following key details have been disclosed regarding the upcoming board meeting:

Parameter:	Details
Meeting Date:	May 18, 2026
Purpose:	Consideration and approval of Standalone Audited Financial Results
Financial Year:	2025-26
Period Ended:	March 31, 2026
Regulatory Compliance:	Regulation 29, SEBI (LODR) Regulations, 2015
Intimation Filed With:	BSE Limited

Trading Window Closure

In line with the company's Code of Insider Trading Regulations and SEBI (Prohibition of Insider Trading) Regulations, 2015, the trading window for designated persons will continue to remain closed. As previously intimated to the exchange vide letter dated March 23, 2026, the trading window closure will remain in effect until 48 hours after the declaration of the audited financial results for the financial year ended on March 31, 2026.

The board meeting intimation was signed by Khushbu H. Shah, Company Secretary and Compliance Officer of Promact Plastics.