Jayantibhai Somabhai Patel Acquires 53,127 Shares of Promact Plastics Limited
Jayantibhai Somabhai Patel has acquired 53,127 Equity Shares of Promact Plastics Limited, which have a face value of Rs. 10/- each. The acquisition of the shares took place on May 27, 2026, through the open market.The total voting capital of Promact Plastics Limited remained stable following the purchase, remaining at Rs. 6,51,18,000, representing 65,11,800 Equity Shares of Rs. 10/- each.
The acquisition significantly altered the holding structure of the company, resulting in the following changes in share ownership:
| Metric | Acquirer Jayantibhai Somabhai Patel (Pre-Acquisition) | Acquirer Jayantibhai Somabhai Patel (Post-Acquisition) |
|---|---|---|
| Shares Carried Voting Rights | 3,09,074 | 3,62,201 |
| Percentage of Total Share/Voting Capital | 4.75% | 5.57% |
Prior to the acquisition, Jayantibhai Somabhai Patel held 3,09,074 shares, equating to 4.75% of the total share/voting capital. Following the purchase of 53,127 shares, his total holding increased to 3,62,201 shares, representing 5.57% of the total share/voting capital.
The Persons Acting in Concert (PAC) with the acquirer also maintained their existing shareholdings, which include Jayantilal Somabhai Patel HUF and three other individuals. The total diluted share/voting capital of the company after the acquisition remained at Rs. 6,51,18,000.
Stock Price Movement
Promact Plastics Ltd. settled at ₹9.18 on Wednesday, edging higher by 4.91% for the day. Shares traded throughout the session, moving from a low of ₹8.40 all the way up to its 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.
The information provided is for general informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any securities. Readers are advised to rely on their own assessment and judgment and consult appropriate financial advisers, if required, before taking any investment-related decisions.
Any views, opinions, or statements expressed, where applicable, are those of the respective analysts or experts and do not reflect the views of this website. The website has no association with such viewpoints and does not assume any responsibility for them.