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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Noble Polymers Ltd's board meeting on May 14, 2026 approved multiple significant actions. The company will increase its authorised capital from ₹4 crore to ₹18 crore (4.5x increase) to facilitate future fund raising. A preferential allotment of 22,76,400 equity shares (26% of emerging voting capital) is being issued to Mahesh Alabhai Odedra and Hiren Rambhai Odedra at ₹5 per share (₹1.14 crore total), triggering an open offer obligation under SEBI (SAST) Regulations. Upon completion, these allottees will become promoters, resulting in change of control. Additionally, 2,34,75,735 convertible warrants (₹11.74 crore) are being issued to 13 allottees including the proposed promoters and non-promoter entities. The company also appointed Sanjaykumar Sevantilal Shah as CFO and altered its MoA to add new business activities in agricultural trading, commodities, and overseas investments. An EGM is scheduled for June 13, 2026.
This is a major control transaction - the incoming promoters are acquiring 26% stake triggering a mandatory open offer, which will lead to change in management. The capital increase and diversification into new sectors signals potential strategic transformation of the company.