Public Announcement Details

Offer Details

Offer Size: Up to 12,57,048 fully paid-up Equity Shares of face value ₹10.00 each, representing 26.00% of the fully paid-up Equity and Voting Share Capital of Mayur Leather Products Limited.

Offer Price: ₹27.92 per Equity Share, calculated in accordance with Regulation 8(2) of SEBI (SAST) Regulations, 2011.

Total Consideration: Assuming full acceptance, the total consideration payable will be ₹3,50,96,780 (Rupees Three Crore Fifty Lakh Ninety-Six Thousand Seven Hundred Eighty Only).

Mode of Payment: Cash payment in accordance with Regulation 9(1)(a) of SEBI (SAST) Regulations.

Type of Offer: Triggered Offer made under Regulations 3(1) and 4 of SEBI (SAST) Regulations, 2011.

Underlying Transaction

The open offer is triggered by a Share Purchase Agreement dated Tuesday, September 15, 2026 between acquirer Mr. Ghanshyam Hansrajani and selling shareholders:

  • Seema Gupta (Seller 1)
  • Sarita Gupta (Seller 2)
  • Akhilesh Poddar (Seller 3)
  • Rajesh V Gupta (HUF) (Seller 4)
  • Mayur Global Private Limited (Seller 5)

Transaction Details: Acquisition of 12,81,257 Equity Shares (26.50% of voting capital) at ₹15.00 per share, aggregating to ₹1,92,18,855 (Rupees One Crore Ninety Two Lakh Eighteen Thousand Eight Hundred Fifty Five Only).

Mode of Transaction: Direct acquisition via Share Purchase Agreement for cash consideration.

Acquirer Details

Name: Mr. Ghanshyam Hansrajani

Address: C/O Mala, Plot No 70, Kiran Vihar, Opp Sent Angels School, Manyawas, Mansarovar, Jaipur – 302020, Rajasthan, India

PAN: AAEPH7949F

Pre-Transaction Shareholding: Nil

Post-Transaction Shareholding: 12,81,257 shares (26.50%)

Deemed PAC: Mr. Umesh Hansrajani (son of acquirer) holds 11,67,337 Equity Shares (24.14% of voting capital) as a public shareholder. He is deemed to be a person acting in concert under Regulation 2(1)(q)(2)(v) but is not acting in concert for this offer within the meaning of Regulation 2(1)(q)(1).

Selling Shareholders Details

| Seller Name | Pre-Transaction Shares | Pre-Transaction % | Post-Transaction Shares | Post-Transaction % |

| Seema Gupta | 28,400 | 0.59% | 0 | 0.00% |

| Sarita Gupta | 2,59,666 | 5.37% | 0 | 0.00% |

| Akhilesh Poddar | 2,56,950 | 5.31% | 0 | 0.00% |

| Rajesh V Gupta (HUF) | 20,000 | 0.41% | 0 | 0.00% |

| Mayur Global Private Limited | 7,16,241 | 14.81% | 0 | 0.00% |

| Total | 12,81,257 | 26.50% | 0 | 0.00% |

Additional Promoter Disclosures

Mr. Rajendra Kumar Poddar disposed of 5,47,761 Equity Shares (11.33%) on March 16, 2026 through open market transaction, reducing holding to Nil. Proposed to be reclassified from Promoter to Public category.

Ms. Amita Poddar disposed of 6,86,100 Equity Shares (14.19%) through open market transactions, reducing holding to Nil. Proposed to be reclassified from Promoter to Public category.

Target Company Information

Corporate Identification Number: L19129RJ1987PLC003889

Contact: +917014261290

Listing Status: Listed on BSE since September 09, 1996 and on CSE since April 23, 1996 (currently suspended on CSE). A special resolution was passed in 2004 for voluntary delisting from CSE but process not completed.

Other Important Details

Detailed Public Statement: To be published in newspapers on or before Tuesday, September 22, 2026 (within 5 working days).

Listing Status: Acquirer intends to retain listing status of Target Company with no delisting offer proposed.

Acceptance Condition: Offer is not conditional upon any minimum level of acceptance as per Regulation 19(1).

Financial Resources: Acquirer has given undertaking of adequate financial resources to meet obligations under SEBI (SAST) Regulations.

Regulatory References: SEBI (SAST) Regulations, 2011; SEBI (LODR) Regulations, 2015; Regulation 3(1), 4, 7(6), 8(1), 8(2), 9(1)(a), 13, 14, 15(1), 19(1), 20, 29(2), 31A.

Impact and Changes

Control Change: Acquirer will acquire control over Target Company and will be identified as Promoter under SEBI (LODR) Regulations, 2015.

Promoter Exit: All selling shareholders will completely exit the company with zero shareholding post-transaction.

Promoter Reclassification: Existing promoters will be declassified from promoter category in accordance with Regulation 31A of SEBI (LODR) Regulations, 2015.

Capital Structure: Total equity share capital of Target Company is 48,34,800 fully paid-up Equity Shares of ₹10.00 each.