Intimation of execution of Share Purchase Agreement dated 14.01.2026 by the Promoters of the company for sale of entire shareholding to the Acquirers
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Awaiting price reaction for this filing.
The promoters of Pankaj Polymers Ltd — comprising the Goel family (Pankaj Goel, Paras Goel, Kanchan Goel, Nita Goel, Prabha B Kedia, Aman Goel) along with three promoter-group entities (Pankaj Capfin, Pankaj Strips, and Pankaj Polytec) — have signed a Share Purchase Agreement on January 14, 2026, to sell their entire holding of 32,23,627 equity shares (58.15% of voting capital) to four acquirers: Sandeep Jain, Vikas Garg, Rahul Nagar, and Himanshu Arora. The acquirers currently hold no shares in the company, so this represents a complete change of control. As required under SEBI's Takeover Regulations (SAST), the acquirers will also need to make an open offer to public shareholders. After the deal closes, the existing promoter directors will resign from the board, and the acquirers will be reclassified as the new promoters of the company.
This is a significant change-of-control event for shareholders. Public investors should expect a mandatory open offer from the acquirers at a SEBI-determined price, which typically happens at a premium to market price. The stock may see volatility around the announcement as the market digests the new ownership and awaits open offer details.