Krupa, daughter of Mahendra Kumar P, has acquired 4,65,000 equity shares in Swashthik Plascon Limited through a gift deed transaction, as disclosed under Regulation 10(6) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The acquisition represents 2.39% of the company's total share capital and was completed as an inter-se transfer within the promoter group.

Transaction Overview

The share transfer was executed on March 27, 2026, with Krupa receiving the equity shares without consideration from promoter Mahendra Kumar P. The transaction qualifies for exemption from open offer requirements under Regulation 10(1)(a)(i) of SEBI SAST Regulations, being an inter-se transfer among promoter group members.

Shareholding Pattern Changes

The transaction resulted in a redistribution of shareholding within the promoter group while maintaining the overall group holding. Krupa's shareholding increased from zero to 2.39%, while Mahendra Kumar P's individual holding decreased correspondingly.

Regulatory Compliance

Krupa filed the mandatory disclosure with BSE Limited on March 30, 2026, confirming compliance with SEBI regulations. The disclosure indicates that the required pre-transaction notification under Regulation 10(5) was submitted to BSE on March 18, 2026, adhering to the specified timeline requirements.

The transaction maintains the existing promoter group structure of Swashthik Plascon Limited, with shares listed on BSE Limited. The inter-se transfer ensures continued promoter group control while redistributing individual shareholding patterns within the group.

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.