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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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
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