Kkalpana Plastick Ltd — Important, 01-01-1970: Company Update

Ashish Begwani has launched an Open Offer to acquire 14.37 lakh equity shares (26%) of Kkalpana Plastick Limited (KPL) at Rs. 28 per share, a total of Rs. 4.02 crore. This move follows his agreement to acquire 72.58% from current promoters for Rs. 11.23 crore, triggering a change in company control. Post-offer, Begwani will hold 98.58% of KPL, becoming the new sole promoter. He plans to ensure compliance with public shareholding rules within 12 months. KPL currently has no operational revenue, relying on other income. Begwani, an experienced entrepreneur, intends to expand and diversify KPL's business. Independent Directors will present their views on the offer.