The promoter group of Swashthik Plascon increased its stake in the company by 2.01%, acquiring 3,92,000 equity shares through open market purchases between August and September 2026.

This acquisition brings the promoter group’s total holding to 48.58% (94,58,077 shares), up from 46.57% prior to the transaction. The move was disclosed under Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

Acquisition Details

The purchases were executed by four individual acquirers and their Persons Acting in Concert (PAC). The total share capital of Swashthik Plascon remained unchanged at 1,94,67,995 equity shares with a face value of ₹10 each.

Post-Acquisition Holding

Following the transactions, the combined holding of the acquirers and PACs stands as follows:

• Anita D: 14,22,800 shares (7.31%)
• Aasha: 13,94,633 shares (7.16%)
• Ayushh: 1,44,000 shares (0.74%)
• Dharmendra Kumar P: 1,06,000 shares (0.54%)
• PAC Group (E-J): 63,90,644 shares (32.83%)

The PAC group, comprising Umrao P, Ravindra Kumar P, Parasmal M, Krupa, Nirmala, and Mahendra Kumar P, did not participate in the new acquisitions but retains its existing voting rights.

What the Numbers Show

The acquisition consolidates control within the promoter circle without altering the company’s equity structure. The entire 2.01% increase came from direct open market purchases by key individuals in the promoter group, while the larger PAC block remained static, indicating a targeted accumulation by specific promoters rather than a broad-based group buy.

Swashthik Plascon disclosed that Shreyansh Mehta and Simram Sureshchand sold 4,76,800 equity shares through the open market between August 5 and September 8, 2026. The transaction represents a 2.45% reduction in the total voting capital of the company.

The sellers, acting on behalf of a Persons Acting in Concert (PAC) group that includes Arihanth Mehta and Sujata Mehta, reduced their combined stake from 7.21% to 4.77%. The sale was executed in six separate tranches over three weeks.

Transaction Details

The open market sales were conducted as follows:

• August 5, 2026: Shreyansh Mehta sold 96,000 shares (two blocks of 48,000)
• August 10, 2026: Shreyansh Mehta sold 88,000 shares
• August 26, 2026: Simram Sureshchand sold 99,200 shares
• August 31, 2026: Simram Sureshchand sold 96,000 shares
• September 8, 2026: Simram Sureshchand sold 97,600 shares

Post-Transaction Holdings

Following the sales, the individual holdings of the sellers adjusted significantly. Shreyansh Mehta’s stake fell from 1.43% to 0.48%, while Simram Sureshchand’s holding decreased from 2.80% to 1.30%.

The PAC members Arihanth Mehta and Sujata Mehta retained their encumbered stake of 5,81,021 shares, representing 2.98% of the total voting capital. This portion remains subject to pledge or lien.

Regulatory Disclosure

The disclosure was made under Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The company’s total equity share capital remains unchanged at 1,94,67,995 shares with a face value of ₹10 each. The filing was dated September 10, 2026, from Chennai.