Gretex Corporate Services Ltd ("Manager to the Offer") has submitted to BSE a copy of Public Announcement ("PA") under Regulation 3(1) and 4 read with Regulations 13(1) and 15(1) of Securities ....
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Noize Brands and Lifestyle Ltd (Acquirer) along with Mr. Aditya Chopra (Person Acting in Concert) have announced an open offer to buy up to 12,02,650 equity shares (26% of equity) of Jauss Polymers Ltd from public shareholders at Rs. 16.05 per share, aggregating to Rs. 1.93 crore assuming full acceptance. The open offer is triggered by an underlying deal where the Acquirer signed an MoU on January 27, 2026, to purchase 20,07,754 shares (43.41% of equity) plus 33,000 Compulsorily Convertible Preference Shares (75% of CCPS) from existing promoters Mr. Ketineni Satish Rao and Mr. Keerthi Narsimbhachari for a total consideration of Rs. 3.75 crore. The Acquirer currently holds no shares and will become the new promoter of the company post-acquisition. The open offer is not subject to any minimum acceptance level and the Acquirer has stated it does not intend to delist the company. A detailed public statement will be published in newspapers within 5 working days.
This represents a change of control at Jauss Polymers Ltd, with a new promoter taking over. Public shareholders can tender their shares in the open offer at Rs. 16.05 per share, providing a potential exit opportunity. The stock may see price movement as the open offer price acts as a reference floor and market participants may price in the change of control.