Key Quantitative Figures
- Offer size: 22,76,406 equity shares
- Face value: ₹5 per share
- Offer price: ₹5 per share
- Percentage of emerging voting share capital: 26.00%
Dates of Action
- Public Announcement date: May 14, 2026
- Detailed Public Statement publication date: May 21, 2026
- Draft Letter of Offer date: May 29, 2026
- Identified Date: Thursday, June 25, 2026
- Disclosure date: June 24, 2026
Parties Involved
- Acquirers: Mr. Mahesh Alabhai Odedra (Acquirer-1) and Mr. Hiren Rambhai Odedra (Acquirer-2)
- Target Company: Noble Polymers Limited
- Manager to the Open Offer: Kunvarji Finstock Private Limited
- Recipient: The General Manager, RSE Limited
Purpose and Impact
The Identified Date (June 25, 2026) is set for determining the names of shareholders to whom the Letter of Offer will be sent for the open offer. This represents a mandatory regulatory step in the open offer process for acquisition of 26% of the emerging voting share capital of Noble Polymers Limited from public shareholders.