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

Mr. Ashwani Gulati, Ms. Kiran Gulati, and M/s Veerasha Trust have launched an open offer to acquire up to 2.60 Cr equity shares (26%) of Jai Mata Glass Limited at INR 1.85 per share. This follows their initial acquisition of 4.46 Cr shares (44.57%) at the same price. If fully accepted, the acquirers will hold 7.06 Cr shares (70.57%). They aim to gain majority control to revive and expand the company's business, leveraging its listed status. The offer price is based on takeover regulations. For the last fiscal year, Jai Mata Glass reported an income of INR 0.11 Cr and a loss of INR 0.22 Cr, with a book value per share of INR 0.194.