Jayantibhai Somabhai Patel Acquires 10,901 Shares in Promact Plastics Limited
Jayantibhai Somabhai Patel has acquired 10,901 Equity Shares of Promact Plastics Limited, a transaction completed on May 26, 2026. The acquisition took place through the open market, increasing the promoter's stake in the company.Promact Plastics Limited, previously known as Promact Impex Limited, remains listed on the BSE Limited exchange. The acquirer, Jayantibhai Somabhai Patel, belongs to the Promoter group, with several associated persons also holding significant stakes.
The total equity share capital and total voting capital of Promact Plastics Limited remain unchanged following the purchase, standing at Rs. 6,51,18,000, representing 65,11,800 Equity Shares of Rs. 10/- each fully paid up.
Ownership Details and Holdings Update
The purchase of shares resulted in the immediate update of the shareholder holdings for both the acquirer and the Persons Acting in Concert (PAC).Jayantibhai Somabhai Patel acquired 10,901 shares, increasing his pre-acquisition holding of 2,98,173 shares (4.58% w.r.t. total share/voting capital) to a post-acquisition holding of 3,09,074 shares (4.75%).
The ownership structure, including the shares held by the acquirer and the various associated persons (PACs), saw the following changes:
| Holding Category | Acquirer (Jayantibhai Somabhai Patel) | Pre-Acquisition Shares | Post-Acquisition Shares |
|---|---|---|---|
| Shares held (Equity Shares) | 10,901 | N/A | N/A |
| Total Shares (Acquirer) | N/A | 2,98,173 | 3,09,074 |
| Total Shares (PACs) | N/A | 15,80,896 | 16,72,738 |
| Total Shares (A+PAC) | N/A | 18,79,069 | 19,81,812 |
Shareholding Summary
The table below summarizes the total shares held before and after the open market acquisition:| Category | Component | Pre-Acquisition Shares (Absolute) | Post-Acquisition Shares (Absolute) | % w.r.t. Total Capital |
|---|---|---|---|---|
| Acquirer | Jayantibhai Somabhai Patel | 2,98,173 | 3,09,074 | 4.75% |
| PACs | Total PAC Holdings | 15,80,896 | 16,72,738 | Varies |
| Shares in Encumbrance | Total Holdings | 10,36,837 | 11,42,738 | N/A |
| Total Diluted Share Capital | Total Capitalization | 65,11,800 | 65,11,800 | 100% |
The transaction marked the acquirer's total shareholding increasing from 4.58% to 4.75% of the total share/voting capital. The combined total diluted share/voting capital of Promact Plastics Limited after the acquisition stands at Rs. 6,51,18,000.
Stock Price Movement
Promact Plastics Ltd settled at ₹9.18 on Wednesday, capturing a significant 4.91% gain for the session. Throughout trading, shares navigated a substantial intraday swing, dipping to ₹8.40 before closing near their high of ₹9.18.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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