Noble Polymers Open Offer: Independent Directors Recommend Fair & Reasonable Offer

Noble Polymers Ltd has submitted a copy of the Recommendation of the Independent Director Committee (IDC) regarding an open offer made by Mr. Mahesh Alabhai Odedra and Mr. Hiren Rambhai Odedra. The acquirers propose to acquire up to 26.00% of the emerging voting share capital, representing 22,76,406 equity shares, at an offer price of ₹5.00 per share, payable in cash. The IDC, comprising independent directors with no prior trading or relationships with the company or acquirers, has reviewed the Public Announcement and Detailed Public Statement. They believe the offer is fair, reasonable, and compliant with SEBI (SAST) Regulations, 2011, deeming the offer price justified.