Premier Polyplast Continues Share Accumulation with 2.25 Lakh Additional Shares

2 min read     Updated on 30 Mar 2026, 09:27 PM
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AI Summary

Premier Polyplast And Processors Limited has made another significant acquisition in Premier Polyfilm Limited, purchasing 2,25,236 equity shares (0.21%) through NSE on March 27, 2026. This latest transaction increases the promoter group company's total shareholding from 13.54% to 13.75%, representing 1,44,05,177 shares out of Premier Polyfilm's total equity capital of 10,47,42,475 shares.

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Premier Polyfilm Limited has received another regulatory disclosure from Premier Polyplast And Processors Limited regarding a subsequent acquisition of additional equity shares. The latest transaction was completed through open market purchase on the National Stock Exchange and disclosed in compliance with SEBI regulations on March 30, 2026.

Latest Share Acquisition Details

The most recent acquisition involved a strategic purchase of 2,25,236 equity shares through the National Stock Exchange on March 27, 2026. This follows the previous acquisitions of 1,51,919 shares on March 25, 2026 and 1,70,000 shares on March 24, 2026, demonstrating continued investment activity by Premier Polyplast in the target company.

Latest Transaction Details: Specifications
Shares Acquired: 2,25,236 equity shares
Acquisition Percentage: 0.21%
Transaction Date: March 27, 2026
Mode of Acquisition: Open Market (NSE)
Disclosure Date: March 30, 2026

Updated Shareholding Pattern

The latest acquisition has resulted in a further increase in Premier Polyplast's shareholding in Premier Polyfilm Limited. The company's stake has grown from its previous holding of 13.54% to a new consolidated position of 13.75%.

Current Shareholding Position: Before Latest Acquisition After Latest Acquisition
Number of Shares: 1,41,79,941 1,44,05,177
Percentage Holding: 13.54% 13.75%
Voting Rights: 13.54% 13.75%

Target Company Information

Premier Polyfilm Limited maintains its equity share capital structure unchanged following these transactions. The company's shares are listed on both major Indian stock exchanges, providing liquidity for such transactions.

Company Details: Information
Total Equity Shares: 10,47,42,475 shares
Face Value per Share: Rs. 1.00
Total Share Capital: Rs. 10,47,42,475
Stock Exchanges: BSE Limited & NSE Limited

Regulatory Compliance

Premier Polyplast And Processors Limited has fulfilled its regulatory obligations by filing the mandatory disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The disclosure was submitted to both stock exchanges and relevant parties on March 30, 2026, three days after the transaction completion. The company confirmed its status as a promoter group entity of Premier Polyfilm Limited in the filing, with Managing Director Amar Nath Goenka signing the regulatory documents. The acquisition was executed through open market transactions on NSE, maintaining transparency in the share purchase process.

Historical Stock Returns for Premier Polyfilm

1 Day5 Days1 Month6 Months1 Year5 Years
+0.91%+1.86%+18.13%+35.85%-1.45%+720.16%

What strategic objectives might Premier Polyplast be pursuing with these consecutive share acquisitions in Premier Polyfilm?

Could this gradual increase in shareholding signal a potential takeover bid or consolidation move in the polyfilm industry?

How might Premier Polyfilm's minority shareholders react to the promoter group's increasing control over the company?

D L Millar Acquires 1,70,250 Additional Shares in Premier Polyfilm Limited

1 min read     Updated on 25 Mar 2026, 06:42 PM
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Radhika SScanX News Team
AI Summary

D L Millar & Co Ltd, a promoter group company of Premier Polyfilm Limited, acquired 1,70,250 equity shares representing 0.16% stake through open market transactions on NSE. This acquisition increased their total shareholding from 1,47,59,502 shares (14.09%) to 1,49,29,752 shares (14.25%). The transaction was properly disclosed under SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, with complete regulatory filings submitted to both BSE and NSE.

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Premier Polyfilm Limited has disclosed that its promoter group company, D L Millar & Co Ltd, acquired 1,70,250 equity shares through open market transactions on March 24, 2026. The acquisition was disclosed under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, with the regulatory filing dated March 25, 2026.

Transaction Details

The share acquisition was executed through the National Stock Exchange (NSE) on March 24, 2026, representing a strategic increase in the promoter group's stake:

Parameter: Details
Shares Acquired: 1,70,250
Transaction Date: March 24, 2026
Transaction Method: Open Market (NSE)
Percentage Acquired: 0.16%

Updated Shareholding Pattern

Following the latest acquisition, D L Millar's shareholding in Premier Polyfilm Limited has been updated as per the regulatory disclosure:

Position: Number of Shares Percentage Holding
Before Acquisition: 1,47,59,502 14.09%
After Acquisition: 1,49,29,752 14.25%
Net Change: +1,70,250 +0.16%

Company Structure and Compliance

Premier Polyfilm Limited maintains its equity share capital structure of Rs. 10,47,42,475, comprising 10,47,42,475 equity shares of Rs. 1 each. The company's shares are listed on both BSE Limited and NSE Limited.

Regulatory Filing Details

The disclosure was submitted by Subhash Kumar Pandit, Director of D L Millar & Co Ltd (DIN: 00120749), to the listing departments of both stock exchanges. The filing was also sent to Premier Polyfilm Limited's compliance officer Heena Soni and the audit committee chairperson, ensuring full regulatory compliance with SEBI takeover regulations.

Corporate Information

D L Millar & Co Ltd, incorporated in 1929 with CIN U51491DL1929PLC389839, operates from its registered office at Flat No. 303, Elite House, Kailash Colony Extension, New Delhi. Premier Polyfilm Limited, incorporated in 1992 with CIN L52109DL1992PLC049590, is headquartered at 305, Elite House, Kailash Colony Extension, New Delhi.

Historical Stock Returns for Premier Polyfilm

1 Day5 Days1 Month6 Months1 Year5 Years
+0.91%+1.86%+18.13%+35.85%-1.45%+720.16%

Will D L Millar & Co Ltd continue increasing its stake in Premier Polyfilm Limited to reach the 25% threshold that would trigger an open offer?

How might this increased promoter holding affect Premier Polyfilm's ability to raise capital through future equity dilutions?

What strategic initiatives or expansion plans could Premier Polyfilm be pursuing that warrant increased promoter confidence and investment?

More News on Premier Polyfilm

1 Year Returns:-1.45%