Fintellectual Corporate Advisors Pvt. Ltd. ("Manager to the Open Offer") has submitted to BSE a copy of Public Announcement ("PA") under Regulation 3(1) and Regulation 4 read with Regulation ....
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 5.3 pts more than Nifty Microcap 250 and 5.0 pts more than its Packaging peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
Minute windows have no benchmark: there is no intraday index history to compare against.
Four individuals — Sandeep Jain, Vikas Garg, Rahul Nagar, and Himanshu Arora — have entered into a Share Purchase Agreement on January 14, 2026 to buy 32,23,627 equity shares (58.15% of voting capital) from the existing promoters of Pankaj Polymers Ltd at ₹20 per share, aggregating ₹6.45 crores. Following this underlying transaction, a mandatory open offer has been triggered under SEBI Takeover Regulations for an additional 14,41,414 equity shares (26% of voting capital) from public shareholders at ₹40 per share, amounting to a total offer size of ₹5.77 crores. Post-transaction, the four acquirers will collectively hold 58.15% in Pankaj Polymers Ltd, which is listed on BSE. The Detailed Public Statement is expected to be published by January 21, 2026.
This is a change-of-control event where the existing promoter group is fully exiting (their holding drops to nil). Public shareholders get an opportunity to tender shares at ₹40 (double the negotiated promoter sale price of ₹20). The stock may see price movement toward the offer price as the open offer window approaches.