Date: 30.07.2026
Offer Details
Gulshankumar Vijaykumar Chopra (Acquirer) is making an open offer to acquire up to 1,55,20,529 equity shares of Niraj Cement Structurals Limited, representing 26.00% of the fully paid-up equity and voting share capital of the company. The offer price is ₹29.00 (Rupees Twenty-Nine only) per equity share, payable in cash.
Committee of Independent Directors Recommendation
The Committee of Independent Directors (IDC) of Niraj Cement Structurals Limited has opined that the offer price of ₹29.00 per share is in accordance with relevant regulations and prima facie appears to be justified. The IDC composition is:
- Chairman: Mr. Ratan Umesh Sanil
- Member: Ms. Kavita Suresh Hindia
- Member: Mr. Partha Sarathi Raut
[Clarification: An earlier publication inadvertently mentioned Mr. Vishram Pandurang Rudre instead of Mr. Partha Sarathi Raut]
Offer Schedule and Mechanics
- Identified Date: 24.07.2026 (for determining eligible shareholders)
- Offer Opening Date: 07.08.2026
- Offer Closing Date: 20.08.2026
- Payment of Consideration: 04.09.2026
- BSE Limited is the Designated Stock Exchange for the offer
- Acquisition facility available on both BSE and NSE through Separate Window
Other Material Information
- No competitive bids have been received for this offer
- No other material changes from the date of Public Announcement
- Shareholders can apply on plain paper and must approach their respective Broker/Selling Broker to tender shares
- Copies of Letter of Offer available on SEBI website (www.sebi.gov.in) and Manager's website (www.navigantcorp.com)
Manager to the Offer
Navigant Corporate Advisors Limited is serving as Manager to the Offer, with Mr. Sarthak Vijlani as the contact person.