Premier Polyfilm Limited has submitted a disclosure regarding the encumbrance of shares by its promoter group, D L Millar & Co. LTD. This disclosure, made in accordance with Regulation 31(1) and 31(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, pertains to 21,882 equity shares of the company, representing 0.02% of the total share capital. The encumbrance was created on March 31, 2026, and it is a pledge to cover an outstanding debit balance in the promoter group's account. This situation arose due to the Depository Participant, Nuvama Wealth and Investment Limited, permitting a purchase of shares beyond applicable margin limits without prior intimation regarding the funding requirement for the resulting debit balance. D L Millar & Co. LTD has clarified that there was no intention to conceal information and that the omission in the original disclosure was due to circumstances beyond their knowledge at the time. Subsequently, Premier Polyfilm Limited's promoter group, D L Millar & Co. LTD, has submitted a revised filing detailing this transaction. The promoter group's total shareholding in Premier Polyfilm Limited post-encumbrance is now 14.25% of the total share capital. The company has requested the stock exchanges to take this revised filing on record.
