Noble Polymers Ltd

Kunvarji Finstock Private Ltd, acting as the Manager to the Open Offer, has submitted a Pre-Offer Advertisement and Corrigendum to the Detailed Public Statement and Letter of Offer for Noble Polymers Ltd. The open offer is by Mr. Mahesh Alabhai Odedra and Mr. Hiren Rambhai Odedra to acquire up to 22,76,406 equity shares, representing 26.00% of the emerging voting share capital. The offer price is ₹5 per equity share, payable in cash, and has not been revised. The Committee of Independent Directors has deemed the offer price fair and reasonable. The Letter of Offer was dispatched on July 3, 2026, and is also available on the websites of SEBI, Noble Polymers, the Registrar to the Offer, the Manager to the Offer, and BSE.

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.

Kunvarji Finstock Private Ltd, acting as the Manager to the Open Offer, has submitted a Letter of Offer to the shareholders of Noble Polymers Ltd. The offer is made by Mr. Mahesh Alabhai Odedra and Mr. Hiren Rambhai Odedra (collectively, the "Acquirers") to acquire up to 22,76,406 equity shares, representing 26.00% of the total expanded voting share capital of Noble Polymers Ltd. The offer price is ₹5 per share, payable in cash. This open offer is being made pursuant to the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, for substantial acquisition of shares and voting rights, accompanied by a change in control and management of the Target Company. The offer is not conditional upon any minimum level of acceptance.

Noble Polymers Ltd has announced the closure of its trading window for dealing in the company's securities. This restriction applies to promoters, directors, KMPs, insiders, designated persons, connected persons, and their immediate relatives. The window will be closed from Wednesday, July 01, 2026, until 48 hours after the declaration of its Unaudited Financial Results for the Quarter ended June 30, 2026. This measure is in compliance with SEBI (Prohibition of Insider Trading) Regulations, 2015, and related circulars, as well as the company's own Insider Trading Code. The exact date of the board meeting to approve these financial results will be announced later.

Noble Polymers Ltd announced that its Board of Directors, in a meeting held on June 29, 2026, approved the appointment of Mr. Mahesh Alabhai Odedra and Mr. Hiren Rambhai Odedra as Additional Directors under the Promoter Category. This follows an Open Offer made by the acquirers in accordance with SEBI SAST Regulations. The company also approved the reconstitution of its Board Committees and the shifting of its Registered Office within Ahmedabad City limits. The appointments are subject to necessary approvals.

Kunvarji Finstock Private Ltd, acting as the Manager to the Open Offer for Noble Polymers Ltd, has announced the Identified Date for the open offer. The identified date is set for Thursday, June 25, 2026. This date is crucial for determining the list of public shareholders who will receive the Letter of Offer. The open offer, initiated by Acquirer-1 (Mr. Mahesh Alabhai Odedra) and Acquirer-2 (Mr. Hiren Rambhai Odedra), aims to acquire 26.00% of the emerging voting share capital from public shareholders at a price of ₹5 per share. This follows previous announcements including the Public Announcement on May 14, 2026, and the Detailed Public Statement on May 21, 2026.

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.