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07 Apr 2026
Premier Polyfilm Limited has received and forwarded a regulatory disclosure from D L Millar & Co Ltd regarding the creation of encumbrance on equity shares under SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The disclosure, submitted on April 7, 2026, details the pledging of 21,882 equity shares following complications with margin limits.
Share Purchase and Margin Limit Issues
D L Millar & Co Ltd initially purchased 1,70,250 equity shares of Premier Polyfilm Limited through the open market on March 24, 2026. The company subsequently discovered that their depository participant, Nuvama Wealth and Investment Limited, had permitted the purchase beyond applicable margin limits without providing proper intimation regarding the requirement to fund the resultant debit balance.
Transaction Details: Information Shares Purchased: 1,70,250 equity shares Purchase Date: March 24, 2026 Percentage of Total Shareholding: 0.16% Depository Participant: Nuvama Wealth and Investment Limited
Pledge Creation Details
To cover the debit balance created by the margin limit issue, 21,882 equity shares of Premier Polyfilm Limited were pledged by the depository participant on March 31, 2026. D L Millar & Co Ltd emphasized that this pledge occurred without their prior knowledge and was equivalent to the outstanding amount.
Pledge Information: Details Shares Pledged: 21,882 equity shares Pledge Date: March 31, 2026 Percentage of Total Shareholding: 0.02% Type of Encumbrance: Pledge Entity in Favor: Premier Polyfilm Limited
Current Shareholding Position
Following the pledge creation, D L Millar & Co Ltd's shareholding position in Premier Polyfilm Limited has been updated. The company's total holding stands at 1,49,07,870 shares, representing 14.23% of the total share capital, while the post-event holding of encumbered shares increased to 1,49,29,752 shares, representing 14.25% of the total share capital.
Shareholding Summary: Details Total Holding: 1,49,07,870 shares (14.23%) Post-Event Encumbered Shares: 1,49,29,752 shares (14.25%) Company Status: Promoter Group
Regulatory Compliance and Documentation
D L Millar & Co Ltd clarified that there was no intention to conceal any material information in their original disclosure. The company stated that the omission occurred due to circumstances beyond their knowledge at the relevant time. Upon becoming aware of the complete facts, the company submitted the detailed disclosure form as required under Regulation 31(1) and 31(2) of SEBI regulations.
The disclosure was signed by Subhash Kumar Pandit, Director of D L Millar & Co Ltd (DIN: 00120749), and submitted from their registered office in New Delhi. Premier Polyfilm Limited's Company Secretary & Compliance Officer, Heena Soni, forwarded the disclosure to BSE Limited and National Stock Exchange of India Limited for record purposes.
Premier Polyfilm Limited has submitted its quarterly certificate from the Registrar and Transfer Agent (RTA) under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018, for the quarter ended March 31, 2026. The company filed this compliance document with BSE Limited and National Stock Exchange of India Limited on April 4, 2026.
Regulatory Compliance Confirmation
The certificate, issued by M/s Beetal Financial & Computer Services Private Limited (RTA) on April 3, 2026, confirms the company's adherence to dematerialization requirements during Q4FY26. Premier Polyfilm's Company Secretary and Compliance Officer, Heena Soni, submitted the documentation to both stock exchanges where the company's securities are listed.
Compliance Details: Information Filing Date: April 4, 2026 Quarter Covered: March 31, 2026 RTA: M/s Beetal Financial & Computer Services Private Limited Certificate Date: April 3, 2026 Regulation: SEBI Depositories Regulations 74(5)
Dematerialization Process Verification
The RTA certificate confirms that all securities received from Depository Participants for dematerialization during the quarter were properly processed and confirmed to the depositories. The verification process ensures that securities comprised in the certificates have been listed on stock exchanges where the company's earlier issued securities are traded.
Process Confirmation: Status Securities Processing: Confirmed (accepted/rejected) to depositories Listing Compliance: Securities listed on relevant stock exchanges Certificate Handling: Mutilated and cancelled after verification Register Update: Depositories substituted as registered owners Timeline Compliance: Completed within 15 days
Stock Exchange Details
Premier Polyfilm Limited's securities are traded on both major Indian stock exchanges under specific scrip codes. The company maintains its registered office in New Delhi and operates under the regulatory framework established by SEBI for listed companies.
Trading Information: Details NSE Scrip Code: PREMIERPOL BSE Scrip Code: 514354 CIN: L52109DL1992PLC049590 RTA Registration: SEBI Reg. No. INR 000000262
The submission demonstrates Premier Polyfilm's commitment to maintaining regulatory compliance and transparency in its securities handling processes. The quarterly certification process ensures investor protection and maintains the integrity of the dematerialization system as mandated by SEBI regulations.
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