In a notable development in the stock market, Mihir Rameshchandra Shah has increased his stake in Shree Ganesh Elastoplast Limited through an open market purchase on BSE Limited. The acquisition took place on March 18, 2025, where Shah purchased 23,790 equity shares, leading to a total holding of 15.04% in the company.

Prior to this acquisition, Mihir Rameshchandra Shah, along with Persons Acting in Concert (PAC)—Merry Share-Fin Limited and Pauravi Mihir Shah, held a 14.61% stake in the company. The latest acquisition further consolidates their position in Shree Ganesh Elastoplast Limited, a company listed on the BSE Limited.

Breakdown of Shareholding Before and After the Acquisition

Before the Acquisition:

• Merry Share-Fin Limited (PAC): 6,36,800 shares (11.57%)

• Pauravi Mihir Shah (PAC): 1,67,400 shares (3.04%)

• Total Holdings: 8,04,200 shares (14.61%)

After the Acquisition:

• Mihir Rameshchandra Shah: 23,790 shares (0.43%)

• Merry Share-Fin Limited (PAC): 6,36,800 shares (11.57%)

• Pauravi Mihir Shah (PAC): 1,67,400 shares (3.04%)

• Total Holdings: 8,30,990 shares (15.04%)

Acquisition Details

• Mode of Acquisition: Open Market Purchase

• Stock Exchange: BSE Limited

• Total Equity Share Capital Before and After Acquisition: 55,02,000 equity shares

• Date of Acquisition: March 18, 2025

Impact on Shree Ganesh Elastoplast Limited

The increased stake by Mihir Rameshchandra Shah indicates a strengthened interest in the company’s growth and long-term potential. This move also reflects the investor confidence in the company’s performance and future prospects.

With a stake of 15.04%, Shah and his PAC are now significant shareholders in Shree Ganesh Elastoplast Limited, a development that could influence future corporate decisions and strategic directions.

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This acquisition marks an important milestone for Shree Ganesh Elastoplast Limited, as increased stakeholding from a key investor could signal confidence in the company’s long-term value. Investors should keep a close eye on future developments and company performance in the coming months.