BSECompany Update5h ago · 20 Aug 2026, 12:23 pm
Navigant Corporate Advisors Ltd ("Manager to the Offer") has submitted to BSE a copy of Post Offer Advertisement to the Shareholders of Niraj Cement Structurals Ltd ("Target Company").
Niraj Cement Structurals Ltd · 532986
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Niraj Cement Structurals Ltd has received an open offer for acquisition of 26% equity shares by Gulshankumar Vijaykumar Chopra at Rs. 29 per share. The offer was made in compliance with SEBI SAST Regulations, 2011.
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Full Announcement
Niraj Cement Structurals Ltd - 532986 - Post Offer Advertisement
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AA 4
Navigant
NAVIGANT CORPORATE ADVISORS LIMITED
Regd. Office: 804, Meadows, Sahar Plaza Complex,J B Nagar, Andheri-Kurla Road,
Andheri (East) Mumbai-400 059; Tel: +91-22- 4120 4837 / +91 22 4973 5078
Email: navigant@navigantcorp.com; Website:www.navigantcorp.com (CIN: L67190MH2012PLC231304)
Date: 20.08.2026
The Manager
Dept. of Corporate Services
BSE Limited,
Phiroze Jeejeebhoy Towers,
Dalal Street, Fort
Mumbai - 400 001
Sub: Submission of Post Offer Advertisement in terms of Regulation 18(12) of SEBI SAST
(Regulations), 2011 of Niraj Cement Structurals Limited (BSE Code: 532986)
Ref.: Open Offer to acquire upto 1,55,20,529 equity shares of Rs. 10/- each at a price of Rs. 29/- per
fully paid-up Equity Share of Niraj Cement Structurals Limited (‘Target Company’)
representing 26.00% of the fully paid up and voting share capital by Gulshankumar Vijaykumar
Chopra (hereinafter referred to as the "Acquirer”)
Dear Sir,
This is with reference to the above please find the Post Offer Advertisement in terms of Regulation
18(12) of SEBI SAST (Regulations), 2011 hard and soft copy being issued by us on behalf of captioned
Acquirer with regard to open offer for acquisition of Equity Shares of Niraj Cement Structurals Limited
(‘Target Company’) by Acquirer which was published on 20* August, 2026 in Financial Express - English
Daily (all editions); Jansatta - Hindi Daily (all editions); Navshakti - Marathi Daily (Mumbai edition).
We certify that the contents of the PDF format in soft copy are identical with the hard copy of Post-
Offer Advertisement.
Thanks & Regards,
For Navigant Corporate Advisors Limited
Sarthak Vijlani
Managing Director
POST OFFER ADVERTISEMENT TO THE EQUITY SHAREHOLDERS OF
NIRAJ CEMENT STRUCTURALS LIMITED
("NIRAJ"/"TARGET COMPANY"/"TC") (Corporate Identification No.: L26940MH1998PLC114307)
Registered Office: Unit No. 820 to 825, Commercial Building, Wadhwa, Dukes Horizon, Pepsi Company,
Off. Sion Trombay Road, Nr. R K Studio, D G Patil Road, Mumbai, Maharashtra- 400088, India;
Phone No.: 022-66027100; Email id: info@niraj.co.in; cs@niraj.co.in; Website: www.niraj.co.in
Open offer for acquisition of 1,55,20,529 Equity Shares of Rs. 10/- each representing 26.00% of the equity and voting share
capital of the Target Company by Gulshankumar Vijaykumar Chopra (hereinafter referred to as “Acquirer”).
This Post offer Advertisement is being issued by Navigant Corporate Advisors Limited, The Manager to the offer, on behalf of
the Acquirer, in connection with the offer made by the Acquirer in compliance with regulation 18(12) of the Securities and
Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulation, 2011 and subsequent amendments
thereto (“SEBI (SAST) Regulation, 2011”).
The Detailed Public Statement (“DPS”) pursuant to the Public Announcement (“PA”) made by the Acquirer have appeared in
Financial Express - English Daily (all editions); Jansatta - Hindi Daily (all editions); Navshakti - Marathi Daily (Mumbai edition)
on 23rd June, 2026.
1. Name of the Target Company : Niraj Cement Structurals Limited
2. Name of the Acquirer : Gulshankumar Vijaykumar Chopra
3. Name of the Manager to the offer : Navigant Corporate Advisors Limited
4. Name of the Register to the offer : MUFG INTIME INDIA PRIVATE LIMITED
(Formerly Known as Link Intime India Private Limited)
5. Offer details
a) Date of Opening of the Offer : Friday, 31st July, 2026
b) Date of the Closing of the offer : Thursday, 13th August, 2026
6. Date of Payment of Consideration (Actual) : 19th August, 2026
7. Details of the Acquisition :
Sr Particula rs Proposed in the Offer Actual
No. Document
7.1. Offer Price Rs. 29.00 per Equity Share Rs. 29.00 per Equity Share
7.2. Aggregate number of Shares tendered 1,55,20,529 21,350
7.3. Aggregate number of Shares accepted 1,55,20,529 21,350
7.4. Size of the offer Rs. 45,00,95,341 Rs. 6,19,150
(Numbers of shares multiplied by Offer price pe rshare)
7.5. Shareholding of the Acquirer before Share Purchase 52,20,946 52,20,946
Agreement (SPA) and Public Announcement (No.& %) (8.75%) (8.75%)
7.6. Shares to acquired by way of Share Purchase Agreement
(SPA)
(cid:63)Number 2,44,97,708 2,44,97,708
(cid:63)% Fully Diluted Equity Share Capital (41.04%) (41.04%)
7.7. Shares Acquired by way of Open offer
(cid:63)Number 1,55,20,529 21,350
(cid:63)% Fully Diluted Equity Share Capital (26.00%) (0.04%)
7.8. Shares Acquired after detailed Public Statement
(cid:63)Number of Shares acquired Not Applicable Not Applicable
(cid:63)Price of the shares acquired
(cid:63)% of the shares acquired
7.9. Post offer Shareholding of Acquirer
(cid:63)Number 4,52,39,183 2,97,40,004
(cid:63)% Fully Diluted Equity Shar e Capital (75.78%) (49.82%)
7.10. Pre and Post Offer Shareholding of Public Shareholders Pre-Offer Post Offer Pre-Offer Post offer
(except selling shareholder)
(cid:63)Number 2,03,35,808 48,15,279 2,03,35,808 2,03,14,458
(cid:63)% Fully Diluted Equity Share Capital (34.07%) (8.07%) (34.07%) (34.03%)
Note: Post completion of the Open Offer, the Acquirer individually holds 2,97,40,004 Equity Shares, representing 49.82% of the
Voting Share Capital of the Target Company, after taking into account the Equity Shares to be acquired pursuant to the Share
Purchase Agreements and the Equity Shares tendered and accepted in the Open Offer. The Acquirer, together with the other
promoters of the Target Company, collectively holds 3,93,79,882 Equity Shares, representing 65.97% of the Equity Share
Capital/Voting Share Capital of the Target Company.
8. The Acquirer accepts full responsibility for the information contained in this Post Offer Advertisement and also for the
fulfillment of his obligations as laid down by SEBI (SAST) Regulations, 2011.
9. A copy of this Post Offer Advertisement will be available on the website of SEBI.
10. Capitalized terms used in this advertisement and not define herein, shall have same meaning assigned to them in the
Letter of Offer dated 18.07.2026.
ISSUED BY MANAGER TO THE OFFER FOR AND ON BEHALF OF THE ACQUIRER
NAVIGANT CORPORATE ADVISORS LIMITED
804, Meadows, Sahar Plaza Complex, J B Nagar, Andheri Kurla Road, Andheri East, Mumbai - 400059.
Tel No. +91 22 4120 4837 / 4973 5078
Email id: navigant@navigantcorp.com
Website: www.navigantcorp.com
SEBI Registration No: INM000012243
Contact person: Mr. Sarthak Vijlani
Place: Mumbai
Date: August 19, 2026