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  3. D L Millar Acquires 1,70,250 Additional Shares in Premier Polyfilm Limited
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  • 25 Mar 2026
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 D L Millar Acquires 1,70,250 Additional Shares in Premier Polyfilm Limited

D L Millar & Co Ltd, a promoter group company of Premier Polyfilm Limited, has acquired 1,70,250 equity shares representing 0.16% of the company through open market transactions. This acquisition increases D L Millar's total shareholding from 1,47,59,502 shares (14.09%) to 1,49,29,752 shares (14.25%), with the transaction disclosed under SEBI takeover regulations.

D L Millar Acquires 1,70,250 Additional Shares in Premier Polyfilm Limited

Premier Polyfilm Limited has disclosed that its promoter group company, D L Millar & Co Ltd, acquired 1,70,250 equity shares through open market transactions on March 24, 2026. The acquisition was disclosed under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, with the regulatory filing dated March 25, 2026.

Transaction Details

The latest share acquisition represents a significant increase from the previous transaction, with D L Millar acquiring substantially more shares:

Parameter: Details Shares Acquired: 1,70,250 Transaction Date: March 24, 2026 Transaction Method: Open Market Percentage Acquired: 0.16%

Updated Shareholding Pattern

Following the latest acquisition, D L Millar's shareholding in Premier Polyfilm Limited has been significantly updated:

Position: Number of Shares Percentage Holding Before Acquisition: 1,47,59,502 14.09% After Acquisition: 1,49,29,752 14.25% Net Change: +1,70,250 +0.16%

Company Structure and Compliance

Premier Polyfilm Limited maintains its equity share capital structure of Rs. 10,47,42,475, comprising 10,47,42,475 equity shares of Rs. 1 each. The company's shares are listed on both BSE Limited (Scrip Code: 514354) and NSE Limited (Symbol: PREMIERPOL).

Regulatory Filing Details

The disclosure was submitted by Subhash Kumar Pandit, Director of D L Millar & Co Ltd (DIN: 00120749), to the listing departments of both stock exchanges. The filing was also sent to Premier Polyfilm Limited's compliance officer and the audit committee chairperson, ensuring full regulatory compliance with SEBI takeover regulations.

Corporate Information

D L Millar & Co Ltd, incorporated in 1929 with CIN U51491DL1929PLC389839, operates from its registered office at Flat No. 303, Elite House, Kailash Colony Extension, New Delhi. Premier Polyfilm Limited, incorporated in 1992 with CIN L52109DL1992PLC049590, is headquartered at 305, Elite House, Kailash Colony Extension, New Delhi.

Premier Polyplast And Processors Limited has acquired additional equity shares in Premier Polyfilm Limited, strengthening its position as a promoter group company. The transaction was completed through open market purchase on the National Stock Exchange and disclosed in compliance with regulatory requirements.

Share Acquisition Details

The acquisition involved a strategic purchase of 1,67,000 equity shares through the National Stock Exchange on March 23, 2026. Premier Polyplast acquired the shares at market rates as part of its ongoing investment in the target company.

Transaction Details: Specifications Shares Acquired: 1,67,000 equity shares Acquisition Percentage: 0.16% Transaction Date: March 23, 2026 Mode of Acquisition: Open Market (NSE)

Shareholding Pattern Changes

The acquisition has resulted in a marginal increase in Premier Polyplast's shareholding in Premier Polyfilm Limited. The company's stake has grown from its previous holding to a new consolidated position.

Shareholding Position: Before Acquisition After Acquisition Number of Shares: 1,36,91,022 1,38,58,022 Percentage Holding: 13.07% 13.23% Voting Rights: 13.07% 13.23%

Target Company Information

Premier Polyfilm Limited maintains its equity share capital structure unchanged following this transaction. The company's shares are listed on both major Indian stock exchanges, providing liquidity for such transactions.

Company Details: Information Total Equity Shares: 10,47,42,475 shares Face Value per Share: Rs. 1.00 Total Share Capital: Rs. 10,47,42,475 Stock Exchanges: BSE Limited & NSE Limited BSE Scrip Code: 514354 NSE Symbol: PREMIERPOL

Regulatory Compliance

Premier Polyplast And Processors Limited has fulfilled its regulatory obligations by filing the mandatory disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The disclosure was submitted to both stock exchanges and relevant parties on March 24, 2026, one day after the transaction completion. The company confirmed its status as a promoter group entity of Premier Polyfilm Limited in the filing, with Managing Director Amar Nath Goenka signing the regulatory documents.

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