NewsCorporate ActionsSynthiko Foils Promoter Group Acquires 76.21 Lakh Shares Through Preferential AllotmentSynthiko Foils Promoter Group Acquires 76.21 Lakh Shares Through Preferential Allotment
Synthiko Foils Limited's promoter group, led by Umesh Kumar Sahay along with Abhishek Narbaria and Sixth Venture Advisors LLP, acquired 76,21,258 equity shares through preferential allotment on December 24, 2025. The transaction increased their collective shareholding from 52.29% to 81.45%, while the company's equity capital expanded from ₹87.00 lakh to ₹14.48 crore. The acquisition was executed through a share swap arrangement for non-cash consideration, representing a major consolidation of ownership in the company.
*this image is generated using AI for illustrative purposes only.
Synthiko Foils has announced a major shareholding change following a substantial acquisition by its promoter group. The disclosure, filed under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, reveals significant changes in the company's ownership structure.
Acquisition Details
The acquisition involved the allotment of 76,21,258 equity shares to the promoter group through a preferential allotment mechanism. The transaction was structured as a share swap arrangement, with consideration provided other than cash.
| Parameter: | Details |
|---|---|
| Shares Acquired: | 76,21,258 equity shares |
| Acquisition Mode: | Preferential allotment (share swap) |
| Transaction Date: | December 24, 2025 |
| Consideration: | Other than cash |
Promoter Group Composition
The acquiring group consists of three entities acting in concert:
- Umesh Kumar Sahay (Primary Promoter)
- Abhishek Narbaria
- Sixth Venture Advisors LLP
Shareholding Changes
The transaction resulted in a substantial increase in the promoter group's stake in Synthiko Foils Limited. The following table illustrates the shareholding pattern before and after the acquisition:
| Shareholding Period: | Number of Shares | Percentage Holding |
|---|---|---|
| Before Acquisition: | 5,92,652 | 52.29% |
| Shares Acquired: | 76,21,258 | 29.16% |
| After Acquisition: | 1,17,91,474 | 81.45% |
Capital Structure Impact
The preferential allotment significantly altered Synthiko Foils' capital structure. The company's equity share capital expanded dramatically following this transaction.
| Capital Structure: | Before Transaction | After Transaction |
|---|---|---|
| Share Capital: | ₹87.00 lakh | ₹14.48 crore |
| Number of Shares: | 8,70,000 | 1,44,78,849 |
| Face Value per Share: | ₹10.00 | ₹10.00 |
Regulatory Compliance
The disclosure was filed in compliance with SEBI regulations governing substantial acquisitions. Umesh Kumar Sahay, identified as a promoter of Synthiko Foils Limited, submitted the required documentation to BSE Limited on December 24, 2025. The filing confirms that no encumbrances, voting rights other than shares, or convertible securities were involved in this transaction.
This acquisition represents one of the most significant changes in Synthiko Foils' ownership structure, with the promoter group now controlling over 81% of the company's voting rights.
Historical Stock Returns for Synthiko Foils
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -1.53% | -1.75% | -1.77% | +18.30% | +18.30% | +18.30% |
20
