Public Announcement of Open Offer for Ramgopal Polytex Limited
Offer Details
- Offer Size: 37,70,000 Equity Shares representing 26.00% of the Equity Share Capital of Ramgopal Polytex Limited
- Face Value: INR 10.00 per Equity Share
- Offer Price: INR 17.10 per fully paid-up Equity Share
- Total Consideration: INR 6,44,67,000 (assuming full acceptance)
- Mode of Payment: Cash payment as per Regulation 9(1)(a) of SEBI (SAST) Regulations
- Offer Type: Triggered/Mandatory Offer
- Conditionality: Not conditional upon any minimum level of acceptance (Regulation 19(1)) and not a competitive bid (Regulation 20)
Underlying Transaction Triggering the Offer
The open offer obligation was triggered by a Share Purchase Agreement (SPA) executed on July 28, 2026, between:
- Acquirers: Mr. Pravin Kumar Shishodiya and Mr. Punit Shishodiya
- Sellers: Members of promoter and promoter group including Mr. Mohanlal Ramgopal Jatia, Mr. Sanjay Mohanlal Jatia, M/s. Mohanlal S Jatia HUF, M/s. J M Trading Corporation, M/s. Ramgopal and Sons, M/s. Kalpana Trading Corporation, Seven Rivers Investments Private Limited, and Ramgopal Synthetics Limited
Transaction Details:
- Shares Acquired: 65,91,796 Equity Shares
- Percentage Acquired: 45.46% of Equity Share Capital
- Purchase Price: INR 9 per Equity Share
- Total Transaction Value: INR 5,93,26,164
- Mode of Transaction: Direct acquisition via Share Purchase Agreement
- Regulation Triggered: Regulation 3(1) and Regulation 4 of SEBI (SAST) Regulations, 2011
Acquirers' Information
Mr. Pravin Kumar Shishodiya (Acquirer 1):
- Residential Address: House No. AG 189, Scheme No. 54, Vijay Nagar, Indore 452010
- Pre-transaction shareholding: Nil
- Post-transaction proposed holding: 38,50,000 Equity Shares (26.55%)
Mr. Punit Shishodiya (Acquirer 2):
- Residential Address: House No. AG 189, Scheme No. 54, Vijay Nagar, Indore 452010
- Pre-transaction shareholding: Nil
- Post-transaction proposed holding: 27,41,796 Equity Shares (18.91%)
Both acquirers have no other interest in the Target Company and no persons in control/promoters or group affiliations.
Selling Shareholders Details
The sellers are all members of the promoter and promoter group of Ramgopal Polytex Limited:
| Shareholder | Shares Sold | Percentage |
| Mr. Mohanlal Ramgopal Jatia | 12,35,400 | 8.52% |
| M/s. Mohanlal S Jatia HUF | 27,000 | 0.19% |
| Mr. Sanjay Mohanlal Jatia | 61,800 | 0.43% |
| M/s. J M Trading Corporation | 4,55,000 | 3.14% |
| M/s. Ramgopal and Sons | 2,03,500 | 1.40% |
| M/s. Kalpana Trading Corporation | 10,64,800 | 7.34% |
| Seven Rivers Investments Private Limited | 26,61,296 | 18.35% |
| Ramgopal Synthetics Limited | 8,83,000 | 6.09% |
| Total | 65,91,796 | 45.46% |
All selling shareholders will hold nil shares in the Target Company post-transaction.
Target Company Information
- Full Name: Ramgopal Polytex Limited
- Listed Exchanges: BSE Limited (BSE) and Calcutta Stock Exchange Limited (CSE)
- Equity Share Capital: INR 14,50,00,000 divided into 1,45,00,000 Equity Shares of face value INR 10.00 each
- Special Note: As per shareholding pattern for quarter ended June 30, 2026, the company has 2,32,500 partly paid-up Equity Shares
Additional Information
- Offer Price for Partly Paid-up Shares: Will be computed as difference between Offer Price (INR 17.10) and amount due towards calls-in-arrears including unpaid interest
- Detailed Public Statement: To be published on or before August 04, 2026 in:
- One English national daily newspaper
- One Hindi national daily newspaper
- One Marathi newspaper (local language where registered office is situated in Thane, Maharashtra)
- One regional language newspaper at place of stock exchange (BSE) where volume of trading was maximum during preceding 60 trading days
- Financial Arrangements: Acquirers have adequate resources and firm financial arrangements for financing the acquisition as required under Regulation 25(1) of SEBI (SAST) Regulations
- Manager to the Offer: Corporate Professionals Capital Private Limited (SEBI Regn. No: INM000011435)