Deals6 Nov 2026, 07:31 pm
Polyplex Corp: Revises Timelines for Share Sale Agreement
AI Summary
Polyplex Corporation Ltd announced a Letter Agreement dated November 06, 2026, with AGP HoldCo Limited (Investor) and Promoter Group. This agreement revisits the timelines and manner of share sale under the existing Call and Put Option Agreement (CPA) and Shareholders' Agreement (SHA). The parties are negotiating a formal amendment, to be finalized by January 15, 2027. Pending the amendment, the CPA and SHA remain in effect. The Investor holds 24.28% and the Promoter Group holds 26.68% of the company. The Investor has one nominee on the board. This amendment does not alter shareholding, board composition, or control of Polyplex.
Key Highlights
- Letter Agreement revises timelines for share sale under CPA and SHA.
- Formal amendment agreement to be finalized by January 15, 2027.
- Existing agreements (CPA, SHA) remain in full force.
- No change in shareholding, board composition, or control.
- Investor holds 24.28% stake; Promoter Group holds 26.68%.
Price Impact
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