BSECompany Update6d ago · 14 Aug 2026, 01:46 pm

Corporate Professionals Capital Pvt Ltd ("Manager to the Offer") has submitted to BSE a copy of Letter of Offer for the attention of Public Shareholders of Jai Mata Glass Ltd ("Target Company''").

Jai Mata Glass Ltd · 523467

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Jai Mata Glass Ltd has received a letter of offer from Corporate Professionals Capital Pvt Ltd for the Acquirers to acquire up to 2,60,00,000 equity shares, representing 26% of the paid-up equity share capital, at an offer price of INR 1.85 per share.

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Earnings Impact2/10
Growth Catalyst3/10
Governance Concern1/10
Regulatory Risk2/10
Balance Sheet Risk4/10
Liquidity Impact6/10
Market Sentiment5/10

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Jai Mata Glass Ltd - 523467 - Letter of Offer

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LETTER OF OFFER THIS DOCUMENT IS IMPORTANT AND REQUIRES YOUR IMMEDIATE ATTENTION This Letter of Offer (LOO) is sent to you as an Equity Shareholder(s) of Jai Mata Glass 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 LOO and the accompanying Form of Acceptance cum acknowledgement and Transfer Deed to the Member of Stock Exchange through w hom the said sale was effected. OPEN OFFER BY MR. ASHWANI GULATI Residing at A-14, Suncity, Sector 54, Wazirabad (75), P.O. Wazirabad, District Gurugram, Haryana – 122003; Ph. No.: +91-9811199266; Fax No.: NA, Email ID: eumindia@gmail.com (Hereinafter referred to as ‘Acquirer 1’) MS. KIRAN GULATI Residing at A-14, Suncity, Sector 54, Wazirabad (75), P.O. Wazirabad, District Gurgaon, Haryana – 122003; Ph. No.: +91-9811199266; Fax No.: NA, Email ID: kiran.01.gulati@gmail.com (Hereinafter referred to as ‘Acquirer 2’) M/S VEERASHA TRUST Registered Office at UG 31, Vishal Tower, District Centre, Janakpuri, New Delhi (India) – 110058; Ph. No.: Ph. No.: +91-9811199266; Fax No.: NA, Email ID: ashwanigulati.091161@gmail.com (Hereinafter referred to as ‘Acquirer 3’) (Acquirer 1, Acquirer 2 and Acquirer 3 are hereinafter collectively referred to as ‘Acquirers’) to acquire up to 2,60,00,000 (Two Crore Sixty Lakh) Equity Shares of face value of INR 1.00/- each representing 26.00% of the Paid-Up Equity Share Capital of JAI MATA GLASS LIMITED Registered Office: Village Tipra Tehsil Barotiwala, Solan, Himachal Pradesh, 174103 Ph. No.: 022-66239358; Fax: NA; Email ID: admin@jaimataglass.com ; jaimataglassltd@gmail.com; Website: www.jaimataglass.com (Hereinafter referred to as ‘Target Company’ or ‘JMGL’ or ‘TC’) At an Offer Price of INR 1.85/- (Indian Rupee One and Eight Five 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 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 August 19, 2026, Wednesday 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 AND SETTLEMENT OF THE OFFER’ (PAGE NO. 28 to 44). FORM OF ACCEPTANCE-CUM-ACKNOWLEDGEMENT IS ENCLOSED WITH THIS 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 BEETAL FINANCIAL & COMPUTER SERVICES LIMITED PRIVATE LIMITED CIN: U74899DL2000PTC104508 CIN: U67120DL1993PTC052486 D-28, South Extn., Part – I, New Delhi – 110049 BEETAL House, 3rd Floor, 99, Madangir, Behind Local Contact Person: Mr. Manoj Kumar/ Ms. Ruchika Sharma/ Shopping Centre, New Delhi – 110062 Mr. Nitin Khera Contact Person: Mr. Punit Kumar Mittal Ph. No.: +91-11-40622228/ +91-11-40622248/ +91-11- Ph. No.: +91-11-42959000-09 40622218 Email ID: beetal@beetalfinancial.com / Fax. No.: 91-11-40622201 beetalrta@gmail.com Email ID: mb@indiacp.com SEBI Registration Number: INR000000262 SEBI Registration Number.: INM000011435 OFFER OPENS ON: AUGUST 21, 2026, FRIDAY OFFER CLOSES ON: SEPTEMBER 04, 2026, FRIDAY SCHEDULE OF ACTIVITIES OF THE OFFER ACTIVITY ORIGINAL REVISED DATE AND DAY DATE AND DAY Public Announcement (PA) Date July 13, 2026 July 13, 2026 Monday Monday Detailed Public Statement (DPS) Date July 20, 2026 July 20, 2026 Monday Monday Last date of filing of draft offer document with SEBI July 27, 2026 July 27, 2026 Monday Monday Last date for a competing offer August 10, 2026 August 10, 2026 Monday Monday Identified Date* August 19, 2026 August 07, 2026 Wednesday Friday Date by which Letter of Offer will be dispatched to the August 27, 2026 August 14, 2026 shareholders Thursday Friday Issue Opening PA Date September 02, 2026 August 20, 2026 Wednesday Thursday Last date by which Board of TC shall give its August 31, 2026 August 18, 2026 recommendations Monday Tuesday Date of commencement of tendering period (Offer September 03, 2026 August 21, 2026 opening Date) Thursday Friday Date of expiry of tendering period (Offer closing Date) September 17, 2026 September 04, 2026 Thursday Friday Date by which all requirements including payment of October 01, 2026 September 21, 2026 consideration would be completed Thursday Monday (*) 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 13, 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 Paid-Up 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 Letter of Offer. Consequently, the payment of consideration to the shareholders of JMGL, 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 [Showing first 8,000 characters — download PDF for full document]