Noble Polymers Open Offer for 26% at ₹5/Share

Mandatory open offer by Mahesh and Hiren Odedra to acquire up to 22.76 lakh shares (26%) of Noble Polymers at ₹5 per share.
Offer triggered by a proposed preferential allotment of 22.76 lakh shares to the acquirers, approved by the board on May 14, 2026.
The acquirers, who currently hold no shares, will own 52% post-offer and preferential issue, ensuring 25% public shareholding compliance.
Target company Noble Polymers was suspended in 2018, challenged delisting at SAT, and resumed trading in 2025.