BSECompany Update6 Aug 2026 · 6 Aug 2026, 04:11 pm
Corporate Professionals Capital Pvt Ltd ("Manager to the Offer") has submitted to BSE a copy Draft Letter of Offer for the attention of the Shareholders of Ramgopal Polytex Ltd ("Target Company").
Ramgopal Polytex Ltd · 514223
✦ AI SummaryM&A
Ramgopal Polytex Ltd has received a draft letter of offer from Corporate Professionals Capital Pvt Ltd for a potential acquisition of up to 37.7 million shares, representing 26% of the company's equity capital, at an offer price of INR 17.10 per share.
Analysis Scores
Earnings Impact5/10
Growth Catalyst6/10
Governance Concern2/10
Regulatory Risk3/10
Balance Sheet Risk4/10
Liquidity Impact8/10
Market Sentiment5/10
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Full Announcement
Ramgopal Polytex Ltd - 514223 - Draft Letter of Offer
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DRAFT LETTER OF OFFER
THIS DOCUMENT IS IMPORTANT AND REQUIRES YOUR IMMEDIATE ATTENTION
This Draft Letter of Offer (DLOO) is sent to you as an Equity Shareholder(s) of Ramgopal Polytex Limited. If you require any clarifications about the action
to be taken, you may consult your stock broker or investment consultant or Manager / Registrar to the offer. In case you have recently sold your shares in
the Company, please hand over this DLOO and the accompanying Form of Acceptance cum acknowledgement and Transfer Deed to the Member of Stock
E xchange through whom the said sale was effected.
OPEN OFFER BY
MR. PRAVIN KUMAR SHISHODIYA
Residing at House No. AG-189, Scheme No. 54, Vijay Nagar, Indore-452010;
Ph. No.: +91-9425056876; Fax No.: NA,
Email ID: pkshishodiya@gmail.com (Hereinafter referred to as ‘Acquirer 1’)
MR. PUNIT SHISHODIYA
Residing at House No. AG-189, Scheme No. 54, Vijay Nagar, Indore-452010;
Ph. No.: +91-7225070555; Fax No.: NA,
Email ID: shishodiyapunit@gmail.com (Hereinafter referred to as ‘Acquirer 2’)
(Acquirer 1 and Acquirer 2 are hereinafter collectively referred to as ‘Acquirers’)
to acquire up to 37,70,000 (Thirty-Seven Lakh Seventy Thousand Lakh Only) Equity Shares of face value of INR 10.00/- each representing
26.00% of the Equity Share Capital of
RAMGOPAL POLYTEX LIMITED
Registered Office: Greentex Clearing House, B-1, 2 & 3, Gosrani Compound, Rehnal Village, Bhiwandi, Thane – 421302, Maharashtra
Ph. No.: 022-61396800; Fax: NA;
Email ID: ramgopal@ramgopalpolytex.com, rplcompliance@ramgopalpolytex.com; Website: www.ramgopalpolytex.com
(Hereinafter referred to as ‘Target Company’ or ‘RPL’ or ‘TC’)
At an Offer Price of INR 17.10/- (Indian Rupees Seventeen and One Zero Paisa Only) per Equity Share payable in cash, pursuant to
Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 and subsequent
amendments thereto.
1. This offer is being made by the Acquirers pursuant to Regulation 3(1) and Regulation 4 of Securities and Exchange Board of India (Substantial Acquisition
of Shares and Takeovers) Regulations, 2011 and subsequent amendments thereto for substantial acquisition of shares in the Target Company.
2. This Offer is not subject to any minimum level of acceptance.
3. The details of statutory approvals required is given in para 7.4 of this Draft Letter of Offer.
4. THIS OFFER IS NOT A COMPETING OFFER.
5. If there is any upward revision in the Offer Price by the Acquirers up to one working day prior to the commencement of the tendering period i.e., up to
September 11, 2026, Friday or in the case of withdrawal of offer, the same would be informed by way of the Offer Opening Public Announcement in the
same newspapers where the original Detailed Public Statement has appeared. Such revision in the Offer Price would be payable by the Acquirers for all
the shares validly tendered anytime during the offer.
6. THERE IS NO COMPETING OFFER TILL DATE.
7. A copy of Public Announcement, Detailed Public Statement, and Letter of Offer (including Form of Acceptance cum Acknowledgement) is also available
on SEBI’s website: www.sebi.gov.in.
FOR PROCEDURE FOR ACCEPTANCE OF THIS OPEN OFFER PLEASE REFER SECTION 8 ‘PROCEDURE FOR ACCEPTANCE
A ND SETTLEMENT OF THE OFFER’ (PAGE NO. 29 to 45). FORM OF ACCEPTANCE-CUM-ACKNOWLEDGEMENT IS ENCLOSED
WITH THIS DRAFT LETTER OF OFFER.
All future correspondence, if any, should be addressed to the Manager / Registrar to the Offer at the following addresses:
MANAGER TO THE OFFER REGISTRAR TO THE OFFER
CORPORATE PROFESSIONALS CAPITAL PRIVATE
LIMITED ANKIT CONSULTANCY PRIVATE LIMITED
CIN: U74899DL2000PTC104508 CIN: U74140MP1985PTC003074
D-28, South Extn., Part – I, New Delhi – 110049 60, Pardeshipura, Electronic Complex, Indore-452010,
Contact Person: Mr. Manoj Kumar/ Ms. Ruchika Sharma/ Madhya Pradesh
Mr. Nitin Khera Contact Person: CS Saurabh Maheshwari
Ph. No.: +91-11-40622228/ +91-11-40622248/ +91-11- Ph. No.: 0731-4065799, 4065797, 0731-494944
40622218 Email ID: compliance@ankitonline.com ,
Fax. No.: 91-11-40622201 investor@ankitonline.com
Email ID: mb@indiacp.com SEBI Registration Number: INR000000767
SEBI Registration Number.: INM000011435
OFFER OPENS ON: SEPTEMBER 16, 2026, WEDNESDAY OFFER CLOSES ON: SEPTEMBER 29, 2026, TUESDAY
SCHEDULE OF ACTIVITIES OF THE OFFER
ACTIVITY ORIGINAL
DATE AND DAY
Public Announcement (PA) Date July 28, 2026
Tuesday
Detailed Public Statement (DPS) Date August 03, 2026
Monday
Date of filing of draft offer document with SEBI August 06, 2026
Thursday
Last date for a competing offer August 24, 2026
Monday
Identified Date* September 01, 2026
Tuesday
Date by which Letter of Offer will be dispatched to the September 08, 2026
shareholders Tuesday
Issue Opening PA Date September 15, 2026
Tuesday
Last date by which Board of TC shall give its September 10, 2026
recommendations Thursday
Date of commencement of tendering period (Offer opening September 16, 2026
Date) Wednesday
Date of expiry of tendering period (Offer closing Date) September 29, 2026
Tuesday
Date by which all requirements including payment of October 14, 2026
consideration would be completed Wednesday
(*) Identified Date is only for the purpose of determining the names of the shareholders of the Target
Company to whom the Letter of Offer would be sent. All owners (registered or unregistered) of equity
shares of the Target Company (except the Acquirers, persons acting in concert with Acquirers,
existing members of the promoter and promoter group of the Target Company, persons acting in
concert with the members of the promoter and promoter group, and the parties to the Share Purchase
Agreement dated July 28, 2026, including any persons deemed to be acting in concert with such
parties) are eligible to participate in the Offer any time before the Closure of the Offer.
RISK FACTORS
Given below are the risks related to the transaction, proposed Offer and those associated with
Acquirers:
(A) Relating to Transaction:
1. This Open Offer is Triggered/ Mandatory Offer made in compliance with Regulation 3(1) and
Regulation 4 of the SEBI (SAST) Regulations.
2. In terms of Regulation 23(1) of SEBI (SAST) Regulations, 2011, there may be an event which
warrants withdrawal of the Offer. Further, the Acquirer shall make an announcement within 2
Working Days of such withdrawal stating the grounds and reasons for the withdrawal in accordance
with Regulation 23(2) of the SEBI (SAST) Regulations. Further, no statutory and other approval(s)
is required by the Acquirers, for the acquisition of control and 26.00% of the Equity Share Capital of
the Target Company under this Offer.
(B) Relating to the Offer:
1. This Offer is subject to the provisions of SEBI (SAST) Regulations, 2011, and in case of non‐
compliance by the Acquirers with any of the provisions of the SEBI (SAST) Regulations, 2011, the
Acquirers shall not act upon the acquisition of equity shares under this Offer.
2. In the event that either (a) the regulatory approvals are not received in a timely manner; or (b) there
is any court or regulatory order to stay the offer; or (c) SEBI instructs Acquirers not to proceed with
the Offer, then the Offer process may be delayed beyond the schedule of activities indicated in this
Draft Letter of Offer. Consequently, the payment of consideration to the shareholders of RPL, whose
shares have been accepted in the Offer as well as the return of shares not accepted by the Acquirers,
may be delayed. Further, where the statutory approval extends to some but not all shareholders, the
Acquirers shall have the option to make payment to such shareholders in respect of whom no
statutory approvals are required in order to complete the open offer. In case of delay in receipt of
any statutory approval, SEBI has the power to grant extension of time to the Acquirers for payment
of consideration to the shareholders of the Target Company who have accepted the Offer within
such period, subject to the Acquirers agreeing to
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