Ramgopal Polytex Ltd — Important, 01-01-1970: Company Update

Acquirers Mr. Pravin Kumar Shishodiya and Mr. Punit Shishodiya have initiated an open offer for Ramgopal Polytex Limited. This follows their agreement to acquire 65.92 lakh shares, representing 45.46% of the company's equity capital, from the existing promoter group for INR 9 per share, totaling INR 5.93 crore. The open offer is to acquire an additional 37.70 lakh shares (26.00%) from public shareholders at INR 17.10 per share. This move signifies a change in control, offering public shareholders a chance to exit at the stated offer price.