How much did the promoter spend and what does it buy?

Jayantibhai Patel spent approximately ₹13.45 lakhs to acquire 1,46,101 shares on June 3. The purchase represents 2.24% of Promact Plastics' total equity.

How did the ownership structure shift?

Patel's individual stake rose from 7.18% to 9.42%. Two other concert parties reduced their holdings, so the promoter group's aggregate is marginally lower at 40.37% from 40.38%.

Why is this significant for a ₹6 crore company?

The transaction value of ₹13.45 lakhs represents about 2.24% of the company's market cap. For a nano-cap with negative net worth, this exceeds the materiality threshold and makes the sustained buying noteworthy.

Is the promoter group's overall control weakening?

No. The group's total holding is virtually unchanged at 40.37%. The shift is an internal redistribution, with Patel accumulating personally while other concert parties slightly reduce.

Plastic Products · Micro cap

Promact's Patel buys more, consolidates stake in nano-cap

The promoter's individual holding rose to 9.42% with a ₹13.45 lakh open-market purchase, while two concert parties trimmed theirs.

— 1 earlier story on Promact Plastics Ltd. →

PROMACT By Tipsheet Editorial 5 Jun 2026 · 2:41 PM IST Verify on BSE · NSE

Mkt cap₹6.06 cr

ROE0.00%

2.24% Of Promact's equity Patel bought in a single day.

What's new

Promoter Jayantibhai Patel bought 1,46,101 shares (2.24% of equity) on June 3.
His individual stake rose from 7.18% to 9.42%, consolidating his personal position.
Two persons acting in concert reduced holdings, leaving promoter group aggregate at 40.37%.

Why this matters

For a nano-cap with negative net worth, this is a material conviction signal. Patel is spending his own money, and the transaction value equals about 2.24% of the company's market cap.

What we're watching

Whether Patel's open-market buying continues at this pace.
The next financials to explain the negative net worth.
Any further disclosure from the persons acting in concert.

The full read

Patel is buying. The Promact promoter spent ₹13.45 lakhs to add 2.24% of the company to his personal holding on June 3. His stake is now 9.42%, up from 7.18% just recently. The purchase, made through open markets, is the latest in a series of buys. Two other persons acting in concert did trim their holdings, but the promoter group's total is 40.37%, essentially flat from 40.38%. The real story is Patel consolidating his own position in a nano-cap with negative net worth. The transaction value equals 2.24% of the company's market cap, making it material by any small-cap standard. It is a direct cash vote from the promoter.

Questions answered

How much did the promoter spend and what does it buy?: Jayantibhai Patel spent approximately ₹13.45 lakhs to acquire 1,46,101 shares on June 3. The purchase represents 2.24% of Promact Plastics' total equity.
How did the ownership structure shift?: Patel's individual stake rose from 7.18% to 9.42%. Two other concert parties reduced their holdings, so the promoter group's aggregate is marginally lower at 40.37% from 40.38%.
Why is this significant for a ₹6 crore company?: The transaction value of ₹13.45 lakhs represents about 2.24% of the company's market cap. For a nano-cap with negative net worth, this exceeds the materiality threshold and makes the sustained buying noteworthy.
Is the promoter group's overall control weakening?: No. The group's total holding is virtually unchanged at 40.37%. The shift is an internal redistribution, with Patel accumulating personally while other concert parties slightly reduce.

Mentioned: Jayantibhai Somabhai Patel · 1,46,101 shares · ₹13.45 lakhs

Primary source BSE · NSE · Tijori

An independent reading of the company's own disclosure — the primary filing above is the final word.

Story so far

All notes on PROMACT →

5 Jun 2026 · 2:41 PM IST Promact's Patel buys more, consolidates stake in nano-cap
3d ago A Promact promoter bought ₹9 lakh in shares. His family sold the same day.