Polymechplast Machines Promoter Anand Bhuva to Acquire 7.88% Stake Through Gift Transfer 5 days ago
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.
Polymechplast Machines Announces Major Leadership Overhaul and Reports Q1 Loss Aug 07, 2025
Polymechplast Machines Achieves Milestone with First 550-Ton Plastic Processing Machine Jul 31, 2025