Date: July 01, 2026

Board Meeting Outcomes

  • The Board of Directors of Polyplex Corporation Limited held a meeting on July 01, 2026
  • Meeting commenced at 1800 hours (IST) and concluded at 1832 hours (IST)
  • The Board deliberated on the tender offer for Polyplex (Thailand) Public Company Limited (PTL)
  • The Board independently resolved not to participate in the tender offer in respect of its shareholding in PTL

Strategic Actions / M&A

  • Polyplex (Thailand) Public Company Limited (PTL) is a Thai company in which Polyplex Corporation Limited directly/indirectly holds 51% ordinary shares
  • AGPH (Thailand) Ltd. (Offeror) had previously intimated its intention to make a tender offer to acquire all ordinary shares of PTL
  • PTL received a copy of the formal Tender Offer filed by the Offeror with the Stock Exchange of Thailand and Securities and Exchange Commission, Thailand on June 29, 2026
  • The Board's decision represents a strategic choice to maintain its 51% ownership stake in the Thai subsidiary rather than divesting through the tender offer process