NSEDisclosure under SEBI Takeover Regulations2d ago · 29 Jul 2026, 06:25 pm
Disclosure under SEBI Takeover Regulations
Plastiblends India Limited · PLASTIBLEN
✦ AI SummaryPromoter Reclassif.
Varun S. Kabra and Jyoti Varun Kabra, promoters of Plastiblends India Limited, have submitted a disclosure under SEBI Takeover Regulations, indicating an inter-se transfer of shares between them, with Varun S. Kabra acquiring 23,02,084 shares from Kolsite Corporation LLP at market price, increasing his stake to 34.81%.
Analysis Scores
Earnings Impact0/10
Growth Catalyst0/10
Governance Concern0/10
Regulatory Risk0/10
Balance Sheet Risk0/10
Liquidity Impact0/10
Market Sentiment0/10
✦ Ask a Question
Ask anything about this announcement — AI will answer based on the filing content.
Full Announcement
Varun S. Kabra has Submitted to the Exchange a copy of Disclosure under Regulation 10 (5) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.
Attachments (1)
📄pdf
Download →
team_bbodade_29072026182359_PLASTIBLEN.pdf
View document text
Format for Disclosures under Regulation 10(5) – Intimation to Stock Exchanges in respect of acquisition
under Regulation 10(1)(a) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011
1. Name of the Target Company (TC) PLASTIBLENDS INDIA LIMITED
2. Name of the acquirer(s) Varun Satyanarayan Kabra
Jyoti Varun Kabra
3. Whether the acquirer(s) is/ are promoters of Yes
the TC prior to the transaction. If not, nature
of relationship or association with the TC or
its promoters
4. Details of the proposed acquisition
a. Name of the person(s) from whom shares Kolsite Corporation LLP
are to be acquired
b. Proposed date of acquisition Any time after 4 working days from the date of
this notice.
c. Number of shares to be acquired from 23,02,084
each person mentioned in 4(a) above
d. Total shares to be acquired as % of share 8.85
capital of TC
e. Price at which shares are proposed to be At market price
acquired
f. Rationale, if any, for the proposed Inter-se Transfer between promoters by way
transfer on market mode.
Relevant sub-clause of regulation 10(1)(a) Regulations 10(1)(a)(ii)
under which the acquirer is exempted from
making open offer
5. If, frequently traded, volume weighted 179
average market price for a period of 60 trading
days preceding the date of issuance of this
notice as traded on the stock exchange where
the maximum volume of trading in the shares
of the TC are recorded during such period.
6. If in-frequently traded, the price as N.A.
determined in terms of clause (e) of sub-
regulation (2) of regulation 8.
7. Declaration by the acquirer, that the Yes
acquisition price would not be higher by more
than 25% of the price computed in point 6 or
point 7 as applicable.
8. Declaration by the acquirer, that the I, the acquirer, hereby declare that the
transferor and transferee have complied transferor and transferee have complied / will
(during 3 years prior to the date of proposed
comply with applicable disclosure
acquisition) / will comply with applicable
requirements in Chapter V of the SEBI
disclosure requirements in Chapter V of the
(Substantial Acquisition of Shares and
Takeover Regulations, 2011 (corresponding
Takeovers) Regulations, 2011.
provisions of the repealed Takeover
Regulations 1997)
ii. The aforesaid disclosures made during
previous 3 years prior to the date of proposed
acquisition to be furnished.
9. Declaration by the acquirer that all the The conditions specified under Regulation
conditions specified under regulation 10(1)(a) Regulations 10(1)(a)(ii) are complied with.
with respect to exemptions has been duly
complied with.
10. Shareholding details Before the After the
proposed proposed
transaction transaction
No. of % w.r.t No. of % w.r.t
shares total shares total
/voting share /voting share
rights capital rights capital
of of
TC TC
Acquirer(s) and PACs (other than
sellers)(*)
Varun S. Kabra 78,96,753 30.38 90,47,795 34.81
Jyoti V. Kabra 17,65,256 6.79 29,16,298 11.22
PAC (other than sellers) 42,05,171 16.18 42,05,171 16.18
Seller (s)
Kolsite Corporation LLP 23,03,084 8.86 1000 0.01
Total Promoter holding 1,61,70,264 62.22 1,61,70,264 62.22
Note:
• (*) Shareholding of each entity may be shown separately and then collectively in a group.
• The above disclosure shall be signed by the acquirer mentioning date & place. In case, there is more than one acquirer, the report shall be
signed either by all the persons or by a person duly authorized to do so on behalf of all the acquirers.
Varun S. Kabra
On behalf of all the acquirers
Date :- 29/07/2026
Place :- Mumbai