Noble Polymers Ltd

Kunvarji Finstock Private Ltd, the manager to the open offer, submitted a draft letter of offer to BSE for the public shareholders of Noble Polymers Ltd. Mr. Mahesh Alabhai Odedra and Mr. Hiren Rambhai Odedra (the Acquirers) are making an open offer to acquire up to 22,76,406 equity shares, representing 26.00% of the total expanded voting share capital, at an offer price of ₹5 per share, payable in cash. The offer complies with SEBI (SAST) Regulations, 2011.

Kunvarji Finstock, acting as the manager to the open offer, submitted a Detailed Public Statement to BSE regarding the open offer by Mr. Mahesh Alabhai Odedra and Mr. Hiren Rambhai Odedra (the Acquirers) to acquire up to 22,76,406 equity shares of Noble Polymers Limited, representing 26.00% of the total expanded voting share capital. The offer price is ₹25 per share, payable in cash, in compliance with SEBI regulations.

Noble Polymers Ltd has announced an Extra-Ordinary General Meeting (EGM) scheduled for June 13, 2026, to seek shareholder approval for several resolutions via remote e-voting. Key proposals include increasing the authorized share capital, issuing equity shares and share warrants on a preferential basis, altering the main object clause of the Memorandum of Association, and increasing limits for inter-corporate loans, guarantees, or securities. The e-voting period will commence on June 10, 2026, and end on June 12, 2026.

Noble Polymers Ltd's Committee of Independent Directors has recommended a preferential issue of 22,76,400 equity shares at ₹5 each, totaling ₹1.13 crore, to Mr. Mahesh Alabhai Odedra and Mr. Hiren Rambhai Odedra. These individuals will be classified as promoters. Additionally, the company will allot 2,34,75,735 convertible warrants at ₹5 each, aggregating to ₹11.73 crore, to various proposed allottees. The equity share allotment, representing 26% of the emerging voting capital, triggers an Open Offer under SEBI Takeover Regulations, leading to a change in control and management. The issue price of ₹5 per share/warrant was determined based on a valuation report and includes a control premium.

Noble Polymers Ltd's board approved increasing the authorized capital from ₹4 Cr to ₹18 Cr, issuing preferential shares and warrants at ₹5 each, and appointing Mr. Sanjaykumar Sevantilal Shah as CFO. The company will issue up to 22,76,400 equity shares and 2,34,75,735 convertible warrants on a preferential basis, subject to shareholder and regulatory approvals. The preferential issue triggers an open offer, potentially leading to a change in control and promoter reclassification. An Extra Ordinary General Meeting is scheduled for June 13, 2026.

Kunvarji Finstock Private Ltd, acting as the manager to the open offer, has announced an open offer on behalf of Mr. Mahesh Alabhai Odedra and Mr. Hiren Rambhai Odedra (the acquirers) to acquire up to 22,76,406 equity shares of Noble Polymers Limited, representing 26.00% of the total expanded voting share capital. The offer price is ₹5.00 per share, payable in cash, according to regulations set by SEBI.

Noble Polymers Ltd has scheduled a Board of Directors meeting on May 14, 2026, to evaluate proposals for raising funds. The company is considering issuing equity shares or convertible equity warrants, or other permissible methods, subject to regulatory and shareholder approvals. The trading window for dealing in the company's securities will be closed from May 11, 2026, until 48 hours after the board meeting outcome is declared.

Noble Polymers Ltd has submitted revised audited standalone financial results for the quarter and year ended March 31, 2026, following discrepancies observed by the Exchange regarding the initial submission. The revisions address concerns related to the Ind-AS format and the absence of Other Comprehensive Income (OCI) details. The company has also included the Auditor’s Report issued by R. B. Gohil & Co., Chartered Accountants, with an unqualified opinion on the financial statements.

Noble Polymers Ltd has announced the approval of its audited standalone financial results for the quarter and financial year ended March 31, 2026. The decision was made during a Board of Directors meeting held on April 25, 2026, which commenced at 2.30 PM and concluded at 03.45 PM. The company has submitted the audited financial results along with the auditor's report and a certified true copy of the board resolution authorizing the signing of the financial results to the stock exchange.

Noble Polymers Ltd. announced the approval of its audited standalone financial results for the quarter and year ended March 31, 2026, during a Board of Directors meeting held on April 25, 2026. The meeting, which commenced at 2.30 PM and concluded at 3.45 PM, also included the review of the auditor's report and a board resolution authorizing the signing of the financial results. The audit was conducted by R. B. Gohil & Co., Chartered Accountants, who issued an independent auditor's report with an unqualified opinion on the company's financial statements.