Swashthik Plascon Limited has announced an inter-se transfer of shares among its promoter group members under the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The transaction involves a gift transfer of equity shares between existing promoter group entities without any monetary consideration, as disclosed through formal regulatory filings to BSE Limited.

Transaction Details

The share transfer involves the following key parameters:

Shareholding Impact

The transaction will result in changes to individual shareholding patterns within the promoter group:

Regulatory Compliance

The company has confirmed that this inter-se transfer falls within the exemption under Regulation 10(1)(a)(ii) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The exemption applies as Krupa qualifies as a promoter in the shareholding pattern filed by the target company for not less than three years prior to the proposed acquisition.

Key regulatory aspects include:

• The transaction is exempt from open offer requirements
• Proper disclosures have been made to BSE Limited under Regulation 10(5)
• The aggregate holding of promoter and promoter group remains unchanged
• All applicable disclosure requirements under Chapter V of the Takeover Regulations will be complied with
• Formal declaration submitted confirming compliance with all specified conditions

Corporate Structure

Krupa is identified as the daughter of Parasmal Mahendra Kumar, who serves as a promoter of Swashthik Plascon Limited. The transfer represents an internal restructuring within the promoter family without affecting the overall promoter group's stake in the company. The acquirer is based in Chennai at Taylors Road, Kilpauk, while the company is headquartered in Puducherry.

This inter-se transfer reflects a common practice among promoter groups to reorganize shareholding structures while maintaining regulatory compliance and transparency with stock exchanges and shareholders. The formal disclosure was signed by Krupa as the acquirer and promoter on March 18, 2026.

Swashthik Plascon Limited has announced the successful completion of its postal ballot voting process, with both proposed resolutions receiving overwhelming shareholder approval. The company disclosed the voting results on March 10, 2026, following the conclusion of the remote e-voting period on March 08, 2026.

Postal Ballot Overview

The postal ballot process was initiated through a notice dated January 28, 2026, with the record date set as January 23, 2026. The company had a total of 1024 shareholders on the record date, with the remote e-voting period running from February 07, 2026 (9.00 a.m. IST) to March 08, 2026 (5.00 p.m. IST). NSDL served as the service provider for the electronic voting facility, while Cameo Corporate Services Limited acted as the Registrar and Share Transfer Agent.

Resolution Results

Both resolutions put forward by the company received identical voting patterns and were successfully passed with requisite majority:

Voting Participation Analysis

The voting participation was primarily driven by public non-institutional shareholders, as detailed below:

Notably, the promoter and promoter group, holding 8654877 shares, abstained from voting on both resolutions, which is consistent with regulatory requirements for related party transactions where promoters have interests.

Invalid Votes and Scrutinizer Certification

The voting process recorded 3110633 invalid votes from the promoter and promoter group category, while no invalid votes were reported from public shareholders. CS Dilip Kumar Swarnkar of Dilip Swarnkar & Associates served as the scrutinizer for the postal ballot process, certifying the fairness and transparency of the electronic voting conducted through NSDL's platform.

The scrutinizer's report confirmed that 8 members voted in favour of both resolutions with 3079140 shares, while 1 member voted against with 3200 shares. Additionally, 4 members with 3110633 shares were categorized under invalid/abstained votes.

Regulatory Compliance

The postal ballot was conducted in compliance with Section 110 of the Companies Act, 2013, read with Rule 20 and 22 of the Companies (Management and Administration) Rules, 2014. The process also adhered to MCA General Circular Nos. 14/2020 and subsequent circulars, including General Circular No. 03/2025 dated September 22, 2025, along with SEBI LODR Regulations 2015.

The company has submitted the voting results to BSE SME Platform under scrip code 544035, fulfilling its disclosure obligations under Regulation 44(3) of SEBI LODR Regulations. Managing Director Mahendrakumar Gautam (DIN: 10314526) signed the disclosure documents on behalf of the company.