Gretex Corporate Services Ltd ("Manager to the Offer") has submitted to BSE a copy of Draft Letter of Offer for attention of the Public Shareholders of Jauss Polymers Ltd ("Target Company").
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Noize Brands and Lifestyle Limited (Acquirer), along with Mr. Aditya Chopra (PAC), has filed a Draft Letter of Offer with BSE for an open offer to public shareholders of Jauss Polymers Limited (target company). The open offer is triggered under SEBI SAST Regulations following a Memorandum of Understanding dated January 27, 2026, where the Acquirer agreed to buy 20,07,754 equity shares (43.41%) and 33,000 convertible preference shares from existing promoters for Rs. 3.75 crore. The open offer is for up to 12,02,650 equity shares (26% of voting capital) at Rs. 16.05 per share, aggregating to Rs. 1.93 crore at full acceptance. Post-offer, the Acquirer's shareholding in Jauss Polymers will rise to about 69.49%, giving it control of the company. The tendering period is scheduled from April 6, 2026 to April 21, 2026, with payment by May 6, 2026.
Public shareholders of Jauss Polymers can tender their shares at Rs. 16.05 per share in cash during the tendering period. This signals a change in control of the company, though the Acquirer has stated no major changes are planned to the existing line of business and there is no intention to delist the stock.