Swasthik Plascon Limited has disclosed details of a substantial acquisition of shares. The filing outlines the acquisition of 8,46,178 shares by Mahendra Kumar P, increasing his stake to 4.35%. Several other individuals, including Nirmala M, Anita D, Aasha D, and Ayushh, have also acquired shares, contributing to a collective increase in voting rights. The total holding of the acquirer and Persons Acting in Concert (PAC) post-acquisition reaches 46.57%.
Share Acquisition by Acquirer and PAC
Swasthik Plascon Limited has provided comprehensive details regarding the acquisition of shares. The primary acquirer, Mahendra Kumar P, has increased his shareholding by acquiring 8,46,178 equity shares. This acquisition represents 4.35% of the total share capital. The announcement also details holdings of other individuals who are considered Persons Acting in Concert (PAC).
Details of Shares Acquired by Individuals
The filing highlights the acquisition of shares by various individuals, including:
- Nirmala M acquired 28,84,867 shares, representing 14.82%.
- Anita D acquired 12,26,000 shares, representing 6.30%.
- Aasha D acquired 13,51,433 shares, representing 6.94%.
- Ayushh acquired 48,000 shares, representing 0.25%.
Total Holding and Concerted Action
The details further indicate that the aggregate holding of PAC – (C to I) stands at 27,09,599 shares, accounting for 13.92% of the total share capital. Prior to the acquisition, the total holding (a+b+c+d) was 86,54,877 shares, representing 44.46% of the total share capital. Post-acquisition, the total holding for the acquirer and PAC collectively amounts to 90,66,077 shares, which is 46.57% of the total voting capital.
Mode and Date of Acquisition
The acquisition of these equity shares was conducted through the Open Market. Specific purchase dates and quantities for key individuals are provided:
- Mahendra Kumar P purchased 59,200 shares on 19-06-2026 and 88,000 shares on 10-08-2026.
- Nirmala M purchased 72,000 Equity Shares on 18-07-2026.
- Anita D purchased 48,000 shares on 23-07-2026 and another 48,000 shares on 05-08-2026.
- Aasha D purchased 48,000 Equity shares on 23-07-2026.
- Ayushh purchased 48,000 Equity shares on 05-08-2026.
The total equity share capital of the TC remains constant at 1,94,67,995 Equity Shares with a face value of Rs. 10/- each, both before and after the said transaction.
Source: BSE
