Intimation of the constitution of a committee of Independent Directors for open offer
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Jauss Polymers has informed BSE that its Board has constituted a Committee of Independent Directors (Mr. Saurabh Jibhau Shewale, Mr. Rajani Shirish Laddha, and Mr. Maddi Venkata Sudarsan) to review and give recommendations on an Open Offer. The Open Offer is for the acquisition of 12,02,650 fully paid-up equity shares (face value Rs. 10 each) of Jauss Polymers by M/s. Noize Brands and Lifestyle Limited (Acquirer), along with Mr. Aditya Chopra acting as Person Acting in Concert (PAC). The offer is being made under Regulation 3(1) and 4 of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.
This signals a potential change in control or significant stake acquisition in Jauss Polymers by Noize Brands and Lifestyle. Shareholders should watch for the Independent Directors' recommendation on whether to accept or reject the Open Offer, as it will guide their decision during the tendering period.