Open offer at Rs 1.85 per share to acquire 26 percent stake in Jai Mata Glass

Open offer triggeredListed-company acquisitionStrategic Transactions View source PDF Explain this filing

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

+1.4%Reaction day

₹2.96

prior close

₹3.10

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used-1.3%+2.6% vs market

Other Construction Materials peers, median of 17sector-0.6%+1.9% vs sector

On the reaction day the stock moved 2.6 pts more than Nifty Microcap 250 and 1.9 pts more 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

Stock

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10m

-0.3

15m

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30m

-6.5

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+1.4-1.3+2.6-0.6+1.9

Next day

-2.0-0.8-1.2+1.5-3.5

-7.4-1.4-6.1-0.7-6.7

-3.0-0.3-2.7+0.0-3.0

+1.7+1.0+0.7+0.6+1.1

+6.8+1.5+5.3+1.0+5.8

+17.2+3.1+14.1+0.2+17.0

15d

+7.8+4.1+3.7+2.8+5.0

-0.3+4.8-5.1+0.4-0.8

+2.7+3.1-0.4+5.9-3.2

-2.4-3.6+1.2+2.6-4.9

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

Draft Letter of Offer filed for an open offer to acquire up to 2.6 crore equity shares (26 percent) of Jai Mata Glass at Rs 1.85 per share in cash. Triggered by a Share Purchase Agreement dated July 13, 2026 where Mr. Ashwani Gulati, Ms. Kiran Gulati, and Veerasha Trust will buy 4.45 crore shares (44.57 percent) from existing promoters at Rs 1.85, totalling Rs 8.24 crore. Offer opens Sept 3 and closes Sept 17, 2026. Post-offer, acquirers will hold 70.57 percent. JMGL is a small BSE-listed glass trading firm with declining revenues and net losses in FY26.

Likely market impact

Change of control with new promoters holding 70.57 percent post offer; public shareholders can tender at Rs 1.85. Acquirers plan to revive operations.