Company Update

Paharpur Cooling Towers Limited, a promoter holding 19.05% in Swadeshi Polytex Limited, has increased its stake by acquiring 5,00,000 shares via open market, raising its holding to 20.34%. The purchase was made at an average price of ₹63.96 per share, totaling around ₹3.2 Cr.

This increased promoter confidence signals potential positive sentiment towards Swadeshi Polytex’s future prospects, which is relevant for shareholders watching promoter activity as a proxy for company value.