Letter of Offer for open offer at Rs 1.85 per share for 26 percent stake

Listed-company acquisitionOpen offer triggeredStrategic Transactions View source PDF Explain this filing

Price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reactionminutes from the announcement price · days from the prior close

-1.8%Reaction day

₹3.37

prior close

₹3.31

announcement price

In-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+0.1%-1.9% vs market

Other Construction Materials peers, median of 17sector-1.4%-0.4% vs sector

On the reaction day the stock moved 1.9 pts less than Nifty Microcap 250 and 0.4 pts less than its Other Construction Materials peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

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Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-1.8+0.1-1.9-1.4-0.4

Next day

-3.6+0.2-3.8+0.0-3.6

-5.3+0.6-5.9-0.1-5.2

-7.1-0.0-7.1-1.8-5.3

-8.9+0.5-9.4-0.5-8.4

-10.7+0.8-11.4-0.2-10.5

-13.9+0.6-14.5-4.0-9.9

15d

-14.2+1.3-15.5-2.9-11.3

-24.0-1.4-22.7+2.7-26.7

-19.6-0.6-19.0+5.4-25.0

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UpDownMarket · Nifty Microcap 250Sector · Other Construction Materials peers, median of 17Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Manager submitted Letter of Offer to BSE for an open offer by Ashwani Gulati, Kiran Gulati and Veerasha Trust to acquire 2.6 crore shares (26 percent) of Jai Mata Glass at Rs 1.85 per share in cash. Triggered by an SPA dated July 13, 2026 where acquirers buy 4.46 crore shares (44.57 percent) from existing promoters for Rs 8.24 crore total. Post offer acquirers will hold 70.57 percent. Tendering period is August 21 to September 4, 2026.

Likely market impact

Public shareholders can tender shares at Rs 1.85 between Aug 21 and Sept 4. Acquirers will gain majority control with 70.57 percent holding.