Polyspin Exports promoter Durga Ramji records transmission of 4,99,579 shares

What Polyspin Exports announced

Polyspin Exports Limited (BSE: 539354) disclosed that its promoter, Durga Ramji, acquired 4,99,579 equity shares of the company by way of transmission. The transmission took place on 18 June 2026 following the death of her husband, Shri R. Ramji. The filing was submitted to BSE on 23 June 2026 under Regulation 10(6) of the SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011.

Details of the transmission

• Acquirer: Durga Ramji (promoter).
• Number of shares transmitted: 4,99,579 equity shares, each with a face value of Rs 5.
• Date of transmission: 18 June 2026.
• Pre‑transaction holding: 23,36,113 shares (23.36% of total equity).
• Post‑transaction holding: 28,35,692 shares (28.36% of total equity).
• Rationale: The shares were transferred as part of the legal succession after the demise of Shri R. Ramji.
• Impact on promoter group: The overall promoter and promoter‑group holding remains unchanged at 46,82,926 shares, representing 46.83% of the company’s equity.

Regulatory framework

The disclosure was made under Regulation 10(6) of the SEBI (SAST) Regulations, 2011, which requires reporting of any acquisition that relies on an exemption provided in Regulation 10. In this case, the transaction is exempt under Regulation 10(1)(g), which covers transmissions of shares on the death of a shareholder. Because the exemption applies, the acquirer is not required to make an open offer to the remaining shareholders. The filing confirms that no separate disclosure under Regulation 10(5) was necessary, as the transaction does not constitute a fresh acquisition but a statutory transmission.

Key facts at a glance

Why this matters for investors

The transmission does not alter the overall promoter group’s stake in Polyspin Exports, which stays at roughly 47% of the equity. Consequently, the company’s control dynamics remain unchanged. For existing shareholders, the filing signals that the share capital has not been diluted by a new external investor; the increase in Durga Ramji’s personal holding is offset by the reduction of the deceased shareholder’s shares, keeping the promoter‑group percentage constant.

Because the transaction is exempt from the open‑offer rule, there is no immediate cash outflow from the company and no requirement to make an offer to minority shareholders. The filing also confirms that no price was disclosed, indicating that the transmission was a legal succession rather than a market purchase.

Investors should note that the promoter group continues to hold a decisive voting block, which may influence future strategic decisions, board composition, and dividend policy. However, the filing does not provide any forward‑looking statements or operational impact, and the transaction itself does not affect the company’s financial statements directly.

Conclusion

Polyspin Exports Ltd recorded a promoter‑level transmission of 4,99,579 shares on 18 June 2026, raising Durga Ramji’s individual stake to 28.36% while keeping the overall promoter group’s holding at 46.83%. The transaction falls under the SEBI exemption for transmissions on death, so no open offer is required. The filing, made on 23 June 2026, completes the regulatory disclosure and leaves the company’s ownership structure essentially unchanged.

"The transmission is amongst the promoters and the same falls within the exemption under Regulation 10(1)(g) of SEBI (SAST) Regulations, 2011 and the aggregate shareholdings of the entire Promoter & Promoters Group remain unchanged at 46,82,926 equity shares (46.83%)."