Swashthik Plascon Limited conducted a board meeting on January 28, 2026, approving multiple corporate resolutions that require subsequent shareholder approval. The company disclosed these developments to BSE SME Platform under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Key Board Resolutions

The board meeting addressed several significant corporate matters requiring regulatory compliance and shareholder consent:

Corporate Governance Measures

The company appointed Mr. Dilip Kumar Swarnkar, Sole Proprietor of M/s Dilip Swarnkar & Associates and Practicing Company Secretary, as scrutinizer for conducting the e-voting process. This appointment ensures independent oversight of the upcoming postal ballot proceedings.

The board established January 23, 2026 as the cut-off date for postal ballot notice submission and determining shareholder entitlement for e-voting. This timeline provides adequate notice period for shareholders to participate in the decision-making process.

Meeting Details

The board meeting was conducted efficiently, commencing at 3:00 PM and concluding at 3:30 PM on January 28, 2026. Managing Director Mahendrakumar Gautam (DIN: 10314526) digitally signed the regulatory disclosure, ensuring compliance with corporate governance requirements.

Regulatory Compliance

Swashthik Plascon Limited maintains its listing on BSE SME Platform under scrip code 544035. The company operates from its registered facility at A-75 & A-76, PIPDIC Electronic Park, Thirubhuvanai, Mannadipet Commune, Puducherry, and holds CIN L25209PY2011PLC002578.

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:

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.