PBM Polytex Limited has issued a clarification regarding the delayed disclosure of its land sale transaction worth ₹6.22 crores, acknowledging a compliance oversight in reporting the material event under SEBI regulations.

Land Sale Transaction Details

The company sold land measuring approximately 11,800 square meters located in Nagpur district, Maharashtra. The transaction details were initially disclosed on December 17, 2025, under Regulation 30 of SEBI (LODR) Regulations, 2015.

Compliance Oversight Explanation

In a clarification filed on December 20, 2025, PBM Polytex acknowledged a genuine oversight in not promptly recognizing the transaction as a material event requiring immediate intimation under Regulation 30. The company attributed the delay to misclassification of the transaction's significance.

Transaction Structure and Buyer Details

The buyer of the land is Luvkush Corporation Private Limited (CIN: U45201MH2010PTC203375). The company confirmed that this represents an arm's length transaction with no promoter group connections.

Corrective Measures and Future Compliance

Company Secretary and Compliance Officer Swati Billore assured stakeholders that robust internal controls and training protocols are being implemented immediately to prevent such oversights in the future. The management team has committed to full adherence with SEBI LODR timelines going forward.

The company clarified that no intentional lapse or external factors contributed to the delay, emphasizing that it stemmed purely from an inadvertent compliance gap. The December 20, 2025 announcement serves as the corrective disclosure for this oversight.

PBM Polytex Limited has notified the BSE regarding promoter Aditi Jussawalla's intention to sell shares in the open market. The company submitted the intimation in compliance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Proposed Share Sale Details

The transaction details reveal the scope and structure of the planned share disposal:

Regulatory Compliance Framework

The intimation follows SEBI's Prohibition of Insider Trading Regulations and the company's Code of Conduct for regulating trading by designated persons. PBM Polytex received the formal notification from the promoter regarding the intended share sale, which necessitated the disclosure to the stock exchange under Regulation 30.

Promoter Undertakings

Aditi Jussawalla has provided comprehensive undertakings as part of the pre-clearance process:

Transaction Timeline and Restrictions

The regulatory framework establishes specific operational parameters for the proposed transaction. All trades must be executed within seven trading days after receiving clearance from the Compliance Officer. If the timeline is not met, fresh pre-clearance application will be required.

The promoter is also bound by a six-month restriction on contra trades. Any inadvertent violation would result in profit disgorgement to SEBI for credit to the Investor Protection and Education Fund.

Depository Arrangement

Eastern Financiers Limited will serve as the depository participant for the transaction. The firm is located at 1st Floor, Suite No: 102-110, 205 Atords Building, Kolkata-700071, and will facilitate the open market sale of the shares.

PBM Polytex has submitted this information to BSE for record purposes, ensuring transparency in promoter trading activities as mandated by securities regulations.