Swashthik Plascon Ltd. Announces Inter-se Transfer of Shares
Date: March 19, 2026Swashthik Plascon Ltd. announced a transfer of shares amongst promoters and a promoter group member. The transfer, a gift of 4,65,000 shares, is from Parasmal Mahendra Kumar to Krupa. This transaction represents 2.39% of the company's shareholding.
The company stated the transfer falls under an exemption outlined in Regulation 10(1)(a)(ii) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. This regulation pertains to transfers between promoters and promoter groups.
The aggregate shareholding of the promoter and promoter group remains unchanged following the inter-se transaction.
Details of the Proposed Transfer:
| Date of Proposed Transaction | Name of the Transferor / Donor | Name of the Transferee / Done | No. of shares proposed to be transferred by way of gift | %of Holding |
|---|---|---|---|---|
| Any time after 4 working days from the date of this intimation | Parasmal Mahendra Kumar | Krupa | 4,65,000 | 2.39% |
Shareholding Details:
| Pre-Transaction | Post-Transaction | |
|---|---|---|
| No. of shares held | 11,63,978 | 6,98,978 |
| % w.r.t total capital | 5.98% | 3.59% |
Krupa, an immediate relative of a promoter, is the recipient of the shares. The transfer is occurring without any consideration.
Declaration:
The acquirer has declared compliance with applicable disclosure requirements under the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.
Source:
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