Pankaj Polymers Limited has witnessed a significant ownership transition with existing promoter group entity Pankaj Capfin Private Limited disposing of 657,617 equity shares representing 11.86% stake to incoming promoters Sandeep Jain and his persons acting in concert (PACs). The transaction was executed through a share purchase agreement under SEBI takeover regulations.

Share Disposal Transaction

Pankaj Capfin Private Limited, led by Director Paras Goel, disclosed the disposal of shares under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The transaction was completed through an off-market share purchase agreement dated March 30, 2026.

Shareholding Changes

The disposal resulted in significant changes to the promoter group's shareholding structure. Pankaj Capfin Private Limited's individual holding reduced to nil, while the combined promoter group holding decreased from 58.15% to 46.29%.

Incoming Promoter Acquisition

The disposed shares were acquired by Sandeep Jain along with his PACs including Vikas Garg, Rahul Nagar, and Himanshu Arora. This acquisition is part of a comprehensive share purchase agreement where the incoming promoters plan to acquire majority control of the company.

Company Capital Structure

Pankaj Polymers Limited's equity share capital structure remains unchanged following the transaction. The company maintains its total equity share capital at Rs. 5.54 crore, comprising 5,543,900 equity shares of Rs. 10 each.

The transaction represents a strategic ownership transition where existing promoter group entities are transferring control to new promoters through structured share purchase agreements. Upon completion of the planned acquisition of 58.15% equity shares, Sandeep Jain and his PACs will become the controlling promoters of the company.

Pankaj polymers Limited has announced a public offer for the acquisition of 14,41,414 equity shares from its existing shareholders. The acquisition is being undertaken by a group of four acquirers under the applicable SEBI regulations governing substantial share acquisitions and takeovers.

Acquisition Details

The public offer involves the acquisition of equity shares by four named acquirers: Mr. Sandeep Jain, Mr. Vikas Garg, Mr. Rahul Nagar, and Mr. Itihaensu Arora. The transaction is structured in compliance with the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

Regulatory Compliance and Documentation

The pre-offer public announcement and corrigendum to the detailed public statement were dated February 21, 2026. These documents were subsequently published in newspapers on February 24, 2026, ensuring compliance with mandatory disclosure requirements under SEBI regulations.

The announcement was published in Financial Express (English edition) and several regional newspapers including Prenkaar Nava in Telugu and Marathi editions across multiple cities including Mumbai, Telangana, and Maharashtra.

Merchant Banking Services

Fintellectual Corporate Advisors Private Limited is serving as the SEBI registered Category I Merchant Banker for this transaction. The company has submitted the necessary documentation to BSE Limited, including copies of the pre-offer public announcement and corrigendum to the detailed public statement.

Market Communication

The formal communication regarding this public offer was submitted to the Listing Department of BSE Limited at Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai. The submission includes soft copies of newspaper clippings of the pre-offer public announcement published in Financial Express for regulatory record-keeping purposes.