Please find enclosed intimation w.r.t entering into Share Purchase Agreement of even date by Promoters for the sale of entire shareholding
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Pankaj Polymers Ltd has informed the stock exchange that its entire promoter group (9 entities led by the Goel family) has signed a Share Purchase Agreement on January 14, 2026 to sell their full 58.15% holding (32,23,627 equity shares) to four acquirers — Sandeep Jain, Vikas Garg, Rahul Nagar, and Himanshu Arora, who currently hold no shares in the company. The deal will result in a complete change of control, with the new acquirers becoming the new promoters of the company. As per SEBI takeover rules, the acquirers will also be required to make a mandatory Open Offer to public shareholders. Upon completion, the existing promoter directors will resign from the board.
This is a significant change-of-control event. Public shareholders will get an opportunity to tender shares in the mandatory open offer at a price to be announced. The stock may see heightened volatility as the deal progresses through regulatory approvals and the open offer window.