Announced Mon, 17 Aug · 12:25 IST

Independent Directors review Open Offer by Mr. Ashish Begwani for 26% stake

Open Offer TriggeredStrategic Transactions View source PDFExplain this filing

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Price reaction · full curve

Awaiting price reaction for this filing.

AI summary

Kkalpana Plastick's Independent Directors Committee met on August 17, 2026 to review an Open Offer from Mr. Ashish Begwani to buy up to 14,37,420 equity shares at face value Rs 10 each, equal to 26 percent of paid-up capital. The offer is made under SEBI Takeover Regulations 2011. A Detailed Public Statement was published on July 14, 2026. Their recommendations will be published in the same newspapers and shared with SEBI and stock exchanges.

Likely market impact

Independent Directors' recommendation will help shareholders decide whether to tender shares in the Open Offer. Watch for the recommendation publication in newspapers.