Nature of the Disclosure

This is a regulatory disclosure and public announcement made pursuant to Regulations 3(1) and 4 of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 (SEBI SAST Regulations). It announces a mandatory open offer triggered by the acquisition of a controlling stake in Kkalpana Plastick Limited (KPL).

Key Transaction Details

On July 07, 2026, Mr. Ashish Begwani (the Acquirer) entered into a Share Purchase Agreement (SPA) with the outgoing Promoter and Promoter Group of KPL, namely Mrs. Sarla Surana and Bbigplas Poly Private Limited. The agreement is for the acquisition of 40,12,335 fully paid-up equity shares of face value ₹10 each, constituting 72.58% of the total paid-up equity and voting share capital of KPL. The negotiated price for this acquisition is ₹28 per equity share, payable in cash, with a total consideration of ₹11.23 Crores for the underlying transaction.

Open Offer Trigger and Details

This acquisition triggers the mandatory open offer obligations under Regulations 3(1) and 4 of the SEBI SAST Regulations. The open offer is for the acquisition of up to 14,37,420 equity shares, representing 26.00% of the total paid-up equity share capital, from the public shareholders of KPL. The offer price is set at ₹28 per equity share. Assuming full acceptance, the total consideration payable by the Acquirer for the open offer will be ₹4,02,47,760 (Four Crores Two Lakhs Forty-Seven Thousand Seven Hundred and Sixty). The entire consideration will be paid in cash.

Capital Structure and Shareholding Changes

The total paid-up equity and voting share capital of KPL is ₹5,52,85,350, divided into 55,28,535 equity shares of ₹10 each.

  • Pre-transaction shareholding of the Acquirer: 0 shares (0.00%).
  • Post-underlying transaction shareholding of the Acquirer: 40,12,335 shares (72.58%).

The Selling Shareholders' pre-transaction shareholding was 40,12,335 shares (72.58%), held as follows:

  • Mrs. Sarla Surana: 1,000 shares (0.02%)
  • Bbigplas Poly Private Limited: 40,11,335 shares (72.56%)

Post-transaction, the Selling Shareholders will hold nil shares in the company.

Change in Control and Promoter Status

Pursuant to the successful completion of the underlying transaction and the open offer, Mr. Ashish Begwani will acquire control over KPL and will be constituted as the sole Promoter of the company. The outgoing promoters, Mrs. Sarla Surana and Bbigplas Poly Private Limited, will cease to be part of the Promoter Group and will be reclassified as non-promoters in accordance with the SEBI (LODR) Regulations, specifically Regulation 31A.

Manager to the Offer and Regulatory Compliance

VC Corporate Advisors Private Limited (SEBI Registration No.: INM000011096) has been appointed as the Manager to the Offer. The Acquirer has undertaken that he is aware of and will comply with all obligations under the SEBI SAST Regulations and has adequate financial resources to meet the offer obligations. The offer is not conditional upon any minimum level of acceptance per Regulation 19(1) and is not a competitive bid per Regulation 20.

Next Steps and Timeline

A detailed public statement regarding the open offer will be published in newspapers on or before Tuesday, July 14, 2026, in accordance with Regulation 14(3) of the SEBI SAST Regulations. The 'Identified Date' for determining the shareholders eligible to receive the Letter of Offer will be the 10th working day prior to the commencement of the tendering period.

Stock Exchange Listings

The equity shares of Kkalpana Plastick Limited are listed on BSE Limited (BSE) and The Calcutta Stock Exchange Limited (CSE).