StockWatch
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Packaging
Promoter Reclassification29 Jun 2026, 05:50 pm

Pankaj Polymers: Promoters Reclassified to Public Category

AI Summary

Pankaj Polymers Ltd has announced the reclassification of several promoters and promoter group entities to the public category, following the completion of an open offer. This change is in accordance with Regulation 31A(10) of SEBI (LODR) Regulations, 2015, and the provisions of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The erstwhile promoters, including individuals like Mr. Pankaj Goel and entities like Pankaj Capfin Private Limited, no longer hold shares or exercise control over the company, meeting the criteria for reclassification.

Key Highlights

  • Promoters and promoter group reclassified to public category.
  • Reclassification follows completion of open offer and SEBI regulations.
  • Erstwhile promoters no longer hold shares or exercise control.
  • Company to update records with stock exchanges accordingly.