NAVIGANT CORPORATE ADVISORS LIMITED

Offer Details

The open offer involves the acquisition of up to 1,55,20,529 equity shares of ₹10 each, representing 26.00% of the fully paid-up equity and voting share capital of Niraj Cement Structurals Limited, at a price of ₹29 per fully paid-up equity share.

Revised Schedule of Activities

The corrigendum primarily updates the schedule of activities for the open offer process. The key date changes are:

  • Receipt of comments from SEBI on Draft Letter of Offer: Revised from July 22, 2026 (Wednesday) to July 15, 2026 (Wednesday)
  • Identified Date: Revised from July 24, 2026 (Friday) to July 17, 2026 (Friday)
  • Date for dispatching Letter of Offer to shareholders: Revised from July 31, 2026 (Friday) to July 24, 2026 (Friday)
  • Last date for revising Offer Price: Revised from August 5, 2026 (Wednesday) to July 29, 2026 (Wednesday)
  • Comments from Committee of Independent Directors: Revised from August 5, 2026 (Wednesday) to July 29, 2026 (Wednesday)
  • Advertisement of schedule and status of approvals: Revised from August 6, 2026 (Thursday) to July 30, 2026 (Thursday)
  • Date of Opening of the Offer: Revised from August 7, 2026 (Friday) to July 31, 2026 (Friday)
  • Date of Closure of the Offer: Revised from August 20, 2026 (Thursday) to August 13, 2026 (Thursday)
  • Post Offer Advertisement: Revised from August 28, 2026 (Friday) to August 20, 2026 (Thursday)
  • Payment of consideration for acquired shares: Revised from September 4, 2026 (Friday) to August 28, 2026 (Friday)
  • Final report from Merchant Banker: Revised from September 11, 2026 (Friday) to September 4, 2026 (Friday)

Unchanged Elements

The document specifies that all other terms and conditions of the offer remain unchanged from the original public announcement and detailed public statement.

Eligibility

All owners (registered or unregistered) of equity shares of Niraj Cement Structurals Limited are eligible to participate in the offer, except the Acquirer, Sellers, existing Promoters, parties to any underlying agreement, and persons deemed to be acting in concert with such parties.

Certification

Navigant Corporate Advisors Limited certifies that the contents of the PDF format in soft copy are identical with the hard copy of the corrigendum to the detailed public statement.