Swashthik Plascon Promoters Boost Stake to 41.88% Through Open Market Purchases

1 min read Updated on 15 Sept 2025, 12:46 PM

Reviewed by

Riya DeyScanX News Team

Overview

Promoters of Swashthik Plascon Limited have increased their shareholding from 39.53% to 41.88% through open market purchases. Parasmal M and Umrao P, along with six PACs, acquired 459,200 shares between August 21 and September 10, 2025. Parasmal M bought 192,000 shares in three transactions, while Umrao P purchased 267,200 shares in three separate transactions. The company's total equity share capital remains at 19,467,995 shares with a face value of Rs. 10 each.

*this image is generated using AI for illustrative purposes only.

Swashthik Plascon Limited has seen a significant increase in promoter shareholding through a series of open market purchases. Promoters Parasmal M and Umrao P, along with six Persons Acting in Concert (PACs), have collectively acquired 459,200 shares between August 21 and September 10, 2025, raising their combined stake from 39.53% to 41.88% of the company's voting rights.

Key Highlights of the Acquisition

Parasmal M acquired 192,000 shares in three transactions:
- 99,200 shares on August 21, 2025
- 44,800 shares on August 25, 2025
- 48,000 shares on September 3, 2025
Umrao P purchased 267,200 shares in three separate transactions:
- 100,800 shares on August 25, 2025
- 46,400 shares on September 1, 2025
- 120,000 shares on September 10, 2025

Shareholding Details

The acquisition has resulted in the following changes to the promoter group's shareholding:

Promoter/PAC	Pre-Acquisition Holding	Post-Acquisition Holding
Parasmal M	50,000 (0.26%)	242,000 (1.24%)
Umrao P	360,000 (1.85%)	627,200 (3.22%)
Nirmala M	2,635,267 (13.54%)	2,635,267 (13.54%)
Ravindra Kumar P	1,325,399 (6.81%)	1,325,399 (6.81%)
Asha Jain R	1,303,433 (6.70%)	1,303,433 (6.70%)
Anita D	1,130,000 (5.80%)	1,130,000 (5.80%)
Mahendra Kumar P	840,778 (4.32%)	840,778 (4.32%)
Dharmendra Kumar P	50,000 (0.26%)	50,000 (0.26%)

Company Overview

Swashthik Plascon Limited's total equity share capital remains unchanged at 19,467,995 shares, each with a face value of Rs. 10.

Regulatory Compliance

The promoters have made the necessary disclosures under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. This transparency ensures that shareholders and the market are informed about significant changes in ownership structure.

The increased promoter stake may be seen as a sign of confidence in the company's future prospects. However, investors should conduct their own research and consider various factors before making investment decisions based on this development.

Historical Stock Returns for Swashthik Plascon