Key Transaction Details

On July 07, 2026, the existing promoters of Kkalpana Plastick Limited - Bbigplas Poly Private Limited and Mrs. Sarla Surana (collectively referred to as "Sellers") - entered into a Share Purchase Agreement (SPA) with Mr. Ashish Begwani ("Acquirer").

Under the SPA, the Acquirer will acquire 40,12,335 fully paid-up equity shares of ₹10 each, representing 72.58% of the paid-up equity share capital and voting rights of the Company. The transaction is subject to satisfaction of conditions precedent and receipt of applicable statutory and regulatory approvals.

Regulatory Implications

The acquisition triggers mandatory open offer obligations under Regulations 3(1) and 4 of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 (SAST Regulations) since it constitutes both substantial acquisition of shares (exceeding 25% threshold) and acquisition of control.

Open Offer Details

The Acquirer, through VC Corporate Advisors Pvt Ltd. (Manager to the Offer), issued a Public Announcement on July 07, 2026, in accordance with Regulations 13, 14 and 15 of the SAST Regulations. The open offer will be for acquisition of 14,37,420 fully paid equity shares of ₹10 each (26% of paid-up and voting share capital) at an offer price of ₹28 per equity share, payable in cash under Regulation 9(1)(a) of SAST Regulations.

Change in Control and Management

The transaction will result in complete change of control and management of the Company. Upon completion, Mr. Ashish Begwani will become the new and sole promoter, while the current promoters will cease to be part of the promoter/promoter group and will be re-classified as non-promoters in accordance with Regulation 31A(10) of Listing Regulations.

Regulatory Framework

The transaction is subject to compliance with:

  • SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011
  • SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
  • Securities Contracts (Regulation) Rules, 1957
  • Companies Act, 2013
  • Other applicable laws and regulatory approvals

Effective Date

The transaction effective date is subject to closing conditions and regulatory approvals.

The Company will make further disclosures as material developments occur in accordance with applicable regulatory requirements.