Jai Mata Glass Ltd — Important, 01-01-1970: Company Update

An open offer has been announced for Jai Mata Glass Limited (JMGL) by Mr. Ashwani Gulati, Ms. Kiran Gulati, and M/s Veerasha Trust (Acquirers). This offer follows their agreement to acquire 4.46 Cr shares, representing 44.57% of JMGL's paid-up capital, from existing promoters at INR 1.85 per share, totaling INR 8.24 Cr. The Acquirers are now making an open offer to public shareholders to acquire an additional 2.60 Cr shares, or 26.00% of the company, also at INR 1.85 per share, totaling INR 4.81 Cr. This transaction signifies a change in control for JMGL.