Noble Polymers Ltd

📈 Mandatory Open Offer for Noble Polymers: Acquirers Seek 26% Stake at ₹5/Share

• Mandatory open offer to acquire up to 22,76,406 equity shares (26.00% of emerging voting share capital)

• Offer price is ₹5 per share, payable in cash

• Total maximum consideration of ₹1,13,82,030 if fully accepted

• Triggered by preferential allotment of 22,76,400 shares at ₹5/share approved by board on May 14, 2026

• Post-acquisition, acquirers' combined shareholding expected to be 52.00% (45,52,806 shares)

• Ensures compliance with minimum public shareholding requirements

• Target company is Noble Polymers Limited (BSE: NOBPOL), trading suspension revoked in 2025

• Offer not conditional on minimum acceptance; no intention to delist