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Umesh Kumar Sahay, a promoter of Synthiko Foils Limited, has significantly increased his stake in the company. He acquired 2,89,640 equity shares through an off-market transaction, in line with a Share Purchase Agreement. Before this acquisition, his holding was 1,63,800 shares, representing 9.41% of the total voting capital. Following the acquisition, his total holding now stands at 4,53,440 shares, or 26.05%. This substantial increase in promoter ownership typically signals strong confidence in the company's long-term outlook.