Kkalpana Plastick Promoters sell 72.58% stake, triggers Open Offer
Kkalpana Plastick Ltd's existing promoters, Bbigplas Poly Private Limited and Mrs. Sarla Surana, have entered into a Share Purchase Agreement (SPA) with Mr. Ashish Begwani. Under the SPA, Mr. Begwani will acquire 40,12,335 equity shares, representing 72.58% of the company's paid-up equity share capital. This transaction will lead to a change in control and management of the company, with Mr. Begwani becoming the new promoter. Consequently, a mandatory open offer to the public shareholders has been triggered under SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The acquirer has issued a Public Announcement on July 07, 2026, and the transaction is subject to regulatory approvals.
Key Highlights
- Promoters sold 72.58% stake in Kkalpana Plastick to Mr. Ashish Begwani.
- Mr. Ashish Begwani will acquire 40,12,335 equity shares.
- The acquisition triggers a mandatory open offer for public shareholders.
- Transaction results in a change of control and management.
- Acquirer will become new promoter; sellers re-classified as non-promoters.
Price Impact
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