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

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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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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 [Showing first 8,000 characters — download PDF for full document]