Shareholding14 May 2026, 08:39 am
Himanshu Arora & PACs Acquire Stake in Pankaj Polymers
AI Summary
Himanshu Arora and Persons Acting in Concert (PACs) have acquired shares in Pankaj Polymers Limited, triggering disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011. The acquisition, made via a Share Purchase Agreement dated January 14, 2026, and Letter of Offer dated February 09, 2026, has resulted in a change in shareholding and voting rights. Post-acquisition, Himanshu Arora and PACs hold 17,02,956 shares, representing 30.72% of the total share/voting capital. They have entered into an agreement to acquire 58.15% of the equity share capital and take control of the company, becoming the new promoters.
Key Highlights
- Himanshu Arora & PACs acquired shares in Pankaj Polymers via Share Purchase Agreement.
- Post-acquisition, Himanshu Arora & PACs hold 30.72% of Pankaj Polymers.
- Acquisition triggers SEBI (SAST) Regulations, 2011 disclosure.
- Himanshu Arora and PACs will become the new promoters of the company.
- Total equity share capital of Pankaj Polymers is ₹5,54,39,000.