StockWatch
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Plastic Products - Industrial
Shareholding15 Jun 2026, 07:50 pm

Ecoplast Ltd: Charulata Patel & PACs Disclose Share Acquisition Post-Merger

AI Summary

Ecoplast Limited has received a disclosure under SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011, from Charulata Nitin Patel and Persons Acting in Concert (PACs). This disclosure follows the allotment of 13,00,000 equity shares to the shareholders of Kunal Plastics Private Limited as part of an amalgamation scheme sanctioned by the NCLT. The transaction, which occurred on June 15, 2026, involved allotting 52 Ecoplast shares for every 1 share held in Kunal Plastics. This allotment is exempted from open offer requirements under Regulation 10(1)(d)(ii) of SEBI regulations. The shareholding of the acquirers and PACs in Ecoplast Limited has increased post-transaction, with their combined stake rising to 74.45% of the total share capital.

Key Highlights

  • Disclosure filed under SEBI Takeover Regulations for Charulata Nitin Patel & PACs.
  • Acquisition is a result of Ecoplast Ltd's amalgamation with Kunal Plastics Pvt Ltd.
  • 13,00,000 equity shares allotted post-amalgamation.
  • Acquirers' combined shareholding increased to 74.45%.
  • Transaction exempted from open offer requirements.