Premier Polyfilm promoter raises stake to 12% via open market

1 min read     Updated on 29 May 2026, 10:36 AM
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Reviewed by
Anirudha BScanX News Team
AI Summary

Amitaabh Goenka, a promoter of Premier Polyfilm Limited, increased his shareholding to 12.00% by purchasing 1,05,516 equity shares via open market on May 26, 2026. The acquisition raised his stake from 11.90%, complying with SEBI SAST Regulations.

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Amitaabh Goenka, a promoter of Premier Polyfilm Limited , has increased his shareholding in the company to 12.00% following an open market acquisition on May 26, 2026. The transaction involved the purchase of 1,05,516 equity shares, representing 0.10% of the target company's total share capital. The disclosure was submitted 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.

Prior to this acquisition, Goenka held 1,24,60,886 shares, which accounted for 11.90% of the total share capital. The purchase was executed through the open market mechanism, as detailed in the filing submitted to BSE Limited and National Stock Exchange of India Limited. The total 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 following table outlines the changes in the promoter's shareholding:

Description Number of Shares Percentage of Shareholding
Holding before acquisition 1,24,60,886 11.90%
Shares acquired 1,05,516 0.10%
Holding after acquisition 1,25,66,402 12.00%

The filing confirms that the acquirer belongs to the promoter group of Premier Polyfilm Limited. The total diluted share capital of the company also stands at Rs. 10,47,42,475. The disclosure was formally addressed to the Listing Departments of both BSE and NSE, as well as the Company Secretary and Compliance Officer of Premier Polyfilm Limited.

Historical Stock Returns for Premier Polyfilm

1 Day5 Days1 Month6 Months1 Year5 Years
+1.59%+2.09%+4.28%+23.96%+3.04%+432.95%

Does this acquisition signal a potential increase in promoter stake or a consolidation strategy in the near future?

How might this move impact investor confidence and the stock's performance in the upcoming quarters?

Are there any strategic initiatives or capital expenditures planned by Premier Polyfilm that this increased stake supports?

Promoter Amitaabh Goenka Acquires 1,09,727 Equity Shares of Premier Polyfilm Limited via Open Market

1 min read     Updated on 18 May 2026, 07:21 PM
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Reviewed by
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AI Summary

Promoter Amitaabh Goenka acquired 1,09,727 equity shares of Premier Polyfilm Limited through the open market on 15-05-2026, representing 0.10% of the company's total share capital. His total shareholding rose from 1,21,45,122 shares (11.60%) to 1,22,54,849 shares (11.70%) following the transaction. The equity share capital of Premier Polyfilm Limited remained unchanged at Rs. 10,47,42,475/-, comprising 10,47,42,475 equity shares of Rs. 1/- each. The disclosure was filed on 18-05-2026 under Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

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Amitaabh Goenka, a promoter of Premier Polyfilm Limited, has disclosed the acquisition of 1,09,727 equity shares of the company through the open market, as per a filing made under Regulation 29(2) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The transaction was executed on 15-05-2026, and the disclosure was submitted to BSE Limited and the National Stock Exchange of India Limited on 18-05-2026.

Acquisition Details

The open market purchase represents 0.10% of the total share and voting capital of Premier Polyfilm Limited. The following table summarises the key details of the transaction:

Parameter: Details
Acquirer: Amitaabh Goenka
Acquirer Category: Promoter
Mode of Acquisition: Open Market
Shares Acquired: 1,09,727
% of Total Share Capital Acquired: 0.10%
Date of Acquisition: 15-05-2026

Shareholding Before and After Acquisition

The acquisition has resulted in an increase in Goenka's total shareholding in Premier Polyfilm Limited. The table below presents a comparison of his holdings before and after the transaction:

Metric: Before Acquisition After Acquisition
Shares Carrying Voting Rights: 1,21,45,122 1,22,54,849
% of Total Share/Voting Capital: 11.60% 11.70%
% of Total Diluted Share/Voting Capital: 11.60% 11.70%

Company Share Capital

The equity share capital and total voting capital of Premier Polyfilm Limited remained unchanged at Rs. 10,47,42,475/-, comprising 10,47,42,475 equity shares of Rs. 1/- each, both before and after the said acquisition. The total diluted share and voting capital of the company after the acquisition also stands at Rs. 10,47,42,475/-, i.e., 10,47,42,475 equity shares of Rs. 1/- each.

Regulatory Disclosure

The disclosure was made in the prescribed format as required under Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The filing was addressed to the Listing Departments of BSE Limited and the National Stock Exchange of India Limited, as well as to the Company Secretary & Compliance Officer and the Chairperson of the Audit Committee of Premier Polyfilm Limited.

Historical Stock Returns for Premier Polyfilm

1 Day5 Days1 Month6 Months1 Year5 Years
+1.59%+2.09%+4.28%+23.96%+3.04%+432.95%

Could Amitaabh Goenka's continued open market purchases signal an intent to consolidate promoter control beyond the current 11.70% stake, potentially triggering a mandatory open offer under SEBI takeover regulations?

How might this increased promoter confidence in Premier Polyfilm Limited influence institutional and retail investor sentiment toward the stock in the near term?

What are the broader strategic implications for Premier Polyfilm Limited if promoters continue accumulating shares — could this indicate an upcoming major business development, restructuring, or delisting attempt?

More News on Premier Polyfilm

1 Year Returns:+3.04%