Polymechplast Machines Promoter Anand Bhuva to Acquire 7.88% Stake Through Gift Transfer
Anand Mahendrabhai Bhuva, a promoter of Polymechplast Machines Limited, plans to acquire a 7.88% stake (441,653 equity shares) from his mother, Hansaben Mahendrabhai Bhuva, through an inter-se transfer. The transaction, scheduled for on or after August 21, 2025, will be executed as a gift with no monetary consideration. This will increase Anand Bhuva's stake from 2.67% to 10.55%, while Hansaben Bhuva's stake will reduce from 7.88% to 0%. The transfer is exempt from open offer requirements under SEBI regulations as it's an inter-se transfer between immediate relatives within the promoter group.
07Aug 25
Polymechplast Machines Announces Major Leadership Overhaul and Reports Q1 Loss
Polymechplast Machines Limited has made significant leadership changes, appointing Mahendrakumar Ravjibhai Bhuva as Executive Chairman, Himmatlal Parshottambhai Bhuva as Managing Director, and Anand Mahendrabhai Bhuva as Executive Director. The company also reported a net loss of ₹25.09 lakhs for Q1 2025, with revenue decreasing to ₹1,197.59 lakhs. The 38th Annual General Meeting is scheduled for September 25, 2025.
31Jul 25
Polymechplast Machines Achieves Milestone with First 550-Ton Plastic Processing Machine
Polymechplast Machines Limited has dispatched its first indigenously designed and manufactured 550-ton capacity plastic processing machine. Part of the company's In-House NR Series, this 'bigger range machine' represents a significant operational milestone and technological advancement for the company. While not meeting financial materiality thresholds, this achievement demonstrates Polymechplast's expanded production capabilities and potential to compete in new market segments.