Krupa to Acquire 4,65,000 Shares of Swashthik Plascon Ltd.
Chennai – March 19, 2026 – Ms. Krupa is proposing to acquire 4,65,000 shares of Swashthik Plascon Ltd. from Mr. Parasmal Mahendra Kumar, a promoter of the company, through an inter-se transfer by way of gift without consideration.According to a filing, the acquisition will involve a transfer of shares from Mr. Mahendra Kumar to Ms. Krupa, an immediate relative of a promoter of Swashthik Plascon Ltd. The transaction is expected to be completed within four working days from March 18, 2026.
Post-transaction, Ms. Krupa will hold 6,98,978 shares, representing 3.59% of the company's total share capital, compared to Mr. Mahendra Kumar’s holding of 5.98% prior to the transfer.
The total shares to be acquired represent 2.39% of Swashthik Plascon Ltd.'s outstanding share capital. The transfer is exempt from an open offer, and no acquisition price was determined.
Ms. Krupa declared that both the transferor and transferee will comply with applicable disclosure requirements outlined in Chapter V of the Takeover Regulations, 2011.
Shareholding Details
| Pre-Transaction | Post-Transaction | |
|---|---|---|
| No. of shares held | 11,63,978 | 6,98,978 |
| % w.r.t total share capital | 5.98% | 3.59% |
Source:
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.
Last edited by a moderator: