Promoter Dilip Parekh acquires 29,01,921 shares by inter-se gift; promoter group holding unchanged

Mr. Dilip Manharlal Parekh, part of the promoter group of Prima Plastics, acquired 29,01,921 equity shares (26.38% of total share capital) by way of gift from two promoter group members on October 06, 2026.

Wed 7 Oct 2026

Shares acquired by way of gift

29,01,921 equity shares (26.38% of total share capital)

Acquirer's holding movement

3083230 shares to 5985151 shares (54.41%)

Promoter and promoter group combined holding

6409955 shares, unchanged before and after

An inter-se promoter gift

What the update says

Prima Plastics Limited has informed the exchanges that Mr. Dilip Manharlal Parekh, an acquirer forming part of the promoter group, has acquired 29,01,921 equity shares of the company by way of gift, through an inter-se transfer among promoter group members. The acquisition was on October 06, 2026, from two promoter group members.

Who transferred the shares

• Mr. Bhaskar Manharlal Parekh: 26,85,210 equity shares
• Mrs. Chhaya Bhaskar Parekh: 2,16,711 equity shares
• Total transferred: 29,01,921 equity shares, which the update states is 26.38% of the total share capital of the company

No consideration paid

The update states the transfer is in the nature of a gift, and the price at which the shares were acquired is Nil — no consideration was paid by the acquirer. So no money changed hands in this transfer.

The acquirer's holding

• Before the transfer: 3083230 equity shares
• After the transfer: 5985151 equity shares, or 54.41% of the total share capital

What stays the same

The update notes that the aggregate holding of the promoter and promoter group before and after this inter-se transfer remains the same — a grand total of 6409955 equity shares. The two transferors hold nil shares after the transfer. In other words, the shares have moved from one set of promoter group hands to another without changing the group's total position.

Why an open offer is not required

The acquisition relies on the exemption under Regulation 10(1)(a)(i) and (iv) of the SEBI (SAST) Regulations, 2011, which covers inter-se transfers between qualifying persons. A prior disclosure of the proposed acquisition was made on September 25, 2026, and the update states this disclosure was made within the timeline specified under Regulation 10(5).

How a retail investor can read this

This is a change in how the promoter group's shares are distributed among its members rather than a change in the group's total stake. Mr. Dilip Parekh's individual holding rises, while the promoter group holding is unchanged. Since the shares were gifted, no consideration was paid for them.

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