BSECompany Update1d ago · 23 Sept 2026, 07:44 pm

Intimation w.r.t. Publication of the detailed public statement in newspaper.

Mayur Leather Products Ltd · 531680

✦ AI SummaryFundraise

Mayur Leather Products Ltd has announced an open offer to acquire up to 12,57,048 equity shares representing 26% of the company's fully paid-up equity and voting share capital at an offer price of ₹27.92 per equity share.

Analysis Scores

Earnings Impact5/10
Growth Catalyst2/10
Governance Concern1/10
Regulatory Risk6/10
Balance Sheet Risk4/10
Liquidity Impact8/10
Market Sentiment5/10

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Full Announcement

Mayur Leather Products Ltd - 531680 - General Update- Open Offer

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MAYUR LEATHER PRODUCTS LTD. SAFETY AT EVERY STEP Date: September 23, 2026 BSE Limited P J Towers, Dalal Street, Fort, Mumbai-400001 Scrip Code: 531680; Symbol: MAYUR Dear Sir/ Ma’am, Sub: General Update – Open Offer With reference to the Public Announcement dated September 15, 2026 in relation to the proposed acquisition of equity shares of Mayur Leather Products Limited (“Company”), the Company informs the Stock Exchange that Bonanza Portfolio Limited (‘Merchant Banker’) has sent us the Detailed Public Statement (“DPS”) pursuant to SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2015. The aforesaid DPS has been published on September 22, 2026 in Financial Express (English Daily-All Editions), Jansatta (Hindi Daily-All Editions), Mumbai Lakshadeep (Marathi Daily - Mumbai Edition) and Kanchan Kesari (Hindi Daily-Jaipur Editions) and the same has been enclosed herewith for your kind perusal. The above intimation will also be hosted on the website of the Company and the same can be accessed at www.mayurgroups.com You are kindly requested to take the same on record. Thanking You, For and on Behalf of Mayur Leather Products Limited Monu Toshniwal Company Secretary M.No.: - A26167 Encl: As above 1. Letter received from the Merchant Banker of the Acquirer – sharing the DPS 2. Copy of the DPS Regd. Off. & Works: G-6 Ground Floor, 5-25, Central Spine Balaji Majestic Heights, Jagatpura, Jaipur, Rajasthan, India, 302025 Contact No: +91-7014261290 E-mail: Mayura220488@gmail.com Website: www.mayurgroups.com CIN: L19129RJ1987PLC003889 GSTIN: 08AABCM1848A1ZV DETAILED PUBLIC STATEMENT IN TERMS OF REGULATIONS 3(1) AND 4 READ WITH REGULATIONS 13(4), 14(3), AND 15(2) AND SUCH OTHER APPLICABLE PROVISIONS OF THE SECURITIES AND EXCHANGE BOARD OF INDIA (SUBSTANTIAL ACQUISITION OF SHARES AND TAKEOVERS) REGULATIONS, 2011 AS AMENDED, TO THE PUBLIC SHAREHOLDERS MAYUR LEATHER PRODUCTS LIMITED Corporate Identification Number: L19129RJ1987PLC003889; Reg. Office: G-6 Ground Floor, S-25, Central Spine Balaji Majestic Heights, Jagatpura, Jaipur - 302025; Tel No.: +917014261290; Email: Mayura220488@gmail.com; Website: www.mayurgroups.com Open Offer for acquisition of up to 12,57,048 (Twelve Lakh Fifty Seven Thousand Forty Eight) fully paid-up Equity Shares having face value of `10.00/- each (“Offer Shares”) representing 26.00% (Twenty-Six Percent) of the fully paid-up equity and voting share capital of Mayur Leather Products Limited (hereinafter collectively referred to as “Target Company” or “MLPL”) from the Public Shareholders (as defined below), of the Target Company, at an offer price of `27.92 (Rupees Twenty Seven and Ninety Two Paise Only) per Equity Share, by Mr. Ghanshyam Hansrajani (“Acquirer”) pursuant to and in compliance with the provisions of Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulation, 2011 as amended. This Detailed Public Statement (the ‘DPS’) is being issued by Bonanza Portfolio Limited, the Manager to the Offer (hereinafter referred Ms. Sarita Gupta D.4 This Offer is not conditional upon any minimum level of acceptance by the public shareholders of the Target Company in terms of to as “BPL/ Manager to the Offer”), for and on behalf of the Acquirer, in compliance with the provisions of Regulations 3(1) and 4 read PAN: AEXPG4245E Regulation 19(1) of SEBI (SAST) Regulations and is not a competing offer in terms of Regulation 20 of SEBI (SAST) Regulations. with Regulations 13(4), 14(3), and 15(2) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Address: A 1001 Millenium Court CHS, Individual Yes 2,59,666 5.37% 0.00 0.00 D.5 The Manager to the Offer, Bonanza Portfolio Limited, does not hold any Equity Shares in the Target Company as on the date Regulation, 2011 and subsequent amendments thereto (hereinafter referred to as “SEBI (SAST) Regulations, 2011”) and pursuant Oshiwara, Near Adarsh Nagar Signal, of this DPS. The Manager to the Offer further declares and undertakes that, they will not deal in their own account in the equity to the Public Announcement dated Tuesday, September 15, 2026 sent through email on Tuesday, September 15, 2026 to Securities Jogeshwari West, Mumbai – 400102, shares of the Target Company, during the period commencing from the date of their appointment as Manager to the Offer until and Exchange Board of India (“SEBI”), BSE, CSE and the Target Company and was filed with SEBI on Wednesday, September 16, 2026 Maharashtra the expiry of 15 (Fifteen) Days from the date of Closure of this Open Offer. in terms of Regulations 3(1) and 4 read with Regulation 14(1) and 14(2) of the SEBI (SAST) Regulations, 2011. Email: gsarita994@gmail.com D.6 There are no statutory and other approvals required to be obtained to complete the Underlying Transaction contemplated under For the purposes of this DPS, the following terms shall have the meanings assigned to them below: Mr. Akhilesh Poddar the SPA or to complete this Open Offer. However, it will be subject to all statutory approvals that may become applicable at a later a) ‘Acquirer’ refers to Mr. Ghanshyam Hansrajani, aged 67 years, an Indian Resident, bearing Permanent Account Number (PAN) PAN: ANTPP3340A date. ‘AAEPH7949F’ allotted under the Income-tax Act, 1961 and residing at C/O Mala, Plot No 70, Kiran Vihar Opp Sent Angels School, Address: E-5/88, Ajmer Road D.7 The Acquirer intends to retain the listing status of Target Company at BSE and no delisting offer is proposed to be made. Manyawas, Mansarovar, Jaipur – 302020, Rajasthan, India; Pratap Stadium Chitrakoot, Vaishali Nagar, Individual Yes 2,56,950 5.31% 0.00 0.00 D.8 In terms of Regulation 23(1) of SEBI (SAST) Regulations, in the event that any of the conditions stipulated in SPA, as set out in b) ‘Board of Directors’ means Board of Directors of Target Company; Jaipur-302021, Rajasthan Part II (Background to the Offer), are not satisfied or are finally refused or are otherwise not met with for reasons outside the Email: akhilesh.poddar@hotmail.com reasonable control of the Acquirer, this Offer shall stand withdrawn. In the event of such withdrawal, a Public Announcement shall c) ‘BSE’ means abbreviation for BSE Limited being the stock exchange on which the Equity Shares of the Target Company are listed; Rajesh V Gupta (HUF) be made within 2 (two) working days of such withdrawal, in the same newspapers in which this DPS has been published and such d) ‘CSE’ means abbreviation for The Calcutta Stock Exchange Limited being the stock exchange on which the Equity Shares of the C/o Rajesh V Gupta Public Announcement will also be sent to SEBI, BSE, CSE and to the Target Company at its Registered Office, in accordance with Target Company are listed; PAN: AAVHR8715C the provisions of Regulation 23(2) of the SEBI (SAST) Regulations. e) ‘CIN’ is the abbreviation for the term Corporate Identification Number issued under the provisions of the Companies Act, 1956/ Address: A 1001 Millenium Court CHS, D.9 This Detailed Public Statement is being published in the following newspapers: 2013, and the rules made thereunder; Oshiwara, Near Adarsh Nagar Signal, HUF Yes 20,000 0.41% 0.00 0.00 Publication Language Edition f) ‘Deemed PACs’ means deemed person acting in concert as defined under Regulation 2(1)(q)(1) of the SEBI (SAST) Regulations. Jogeshwari West, Mumbai – 400102, Financial Express English All Edition For the purpose of this Offer no person is acting in concert with the Acquirer. While, in terms of Regulation 2(1)(q)(2)(v) of the SEBI Maharashtra. (SAST) Regulations, Mr. Umesh Hansrajani (son of Acquirer) who is an immediate relative to Acquirer and is a public shareholder Email: rvgpersonal@gmail.com Jansatta Hindi All edition of the Target Company, is a Deemed PAC. However, such Deemed PAC is not acting in concert with the Acquirer for the purposes Mayur Global Private Limited Mumbai Lakshadeep Marathi Mumbai Edition of this Offer, with [Showing first 8,000 characters — download PDF for full document]