Gretex Corporate Services Ltd ("Manager to the Offer") has submitted to BSE a copy of 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) has issued a Letter of Offer to public shareholders of Jauss Polymers Ltd to acquire up to 12,02,650 equity shares representing 26% of voting capital at ₹16.05 per share. The total maximum consideration is ₹1.93 crore payable in cash. This open offer is mandatory under SEBI (SAST) Regulations following the Acquirer's MOU to purchase 43.41% stake (20,07,754 shares) from promoter sellers Mr. Ketineni Satish Rao and Mr. Keerthi Narsimbhachari for ₹3.75 crore. The Acquirer has already acquired 18,51,894 shares (40.04%) on February 26, 2026. Post-MOU and full open offer acceptance, the Acquirer will hold 69.49% stake. The tendering period runs from April 22, 2026 to May 6, 2026. The company will not be delisted.
This open offer represents a change in control of Jauss Polymers Ltd, with Noize Brands and Lifestyle Limited becoming the new promoter acquiring majority stake. Existing public shareholders can tender shares at ₹16.05 per share until May 6, 2026, or continue holding and wait for potential value appreciation under new management.