Ramgopal Polytex Ltd

Dematerialisation status

• Securities received for dematerialisation up to the period were confirmed to the depositories.
• Securities dematerialised have been listed on the stock exchange where the earlier issues are listed.
• Physical certificates received for dematerialisation were mutilated and cancelled after verification, and ownership updated within 15 days.
• During the quarter, no Demat or Remat requests were received.

Audit firm constitution change

• Statutory audit firm converts from partnership to proprietorship, effective Sept 9, 2026.
• Resignation of partner Pawan Kumar Rungta triggered the change.
• Shivratan Krishnakumar Agarwal becomes sole proprietor, continuing audit practice under same name.
• There is no change in statutory audit engagement with the company.
• FRN 117761W remains; Peer Review status unchanged.
• Intimation letter dated Sept 29, 2026 enclosed; to be considered by Audit Committee and Board.
• Original appointment at 41st AGM (Sept 2022) for five-year term; current change does not affect appointment period.
• Change does not constitute resignation of statutory auditor.

Ramgopal Polytex Ltd – Closure of Trading Window

Open Offer Overview

• Acquirers: Pravin Kumar Shishodiya and Punit Shishodiya; PACs: none disclosed.
• Target company: Ramgopal Polytex Limited.
• Trigger: SEBI SAST open offer to acquire 37,70,000 equity shares; not competitive.

Offer Details

• Acquisition size: 37,70,000 equity shares, ~25.93% of total paid-up capital.
• Offer price: INR 17.10 per share; total ~INR 6.45 crore.
• Mode of payment: cash.
• Type: Open offer under SEBI SAST; not a competing offer.

Transaction Background

• Key triggering transaction: Share Purchase Agreement dated July 28, 2026.
• Identified Date updated to Sept 10, 2026.
• LOO dispatched to shareholders Sept 10, 2026.
• Open offer via stock exchange mechanism; Buying Broker: Nikunj Stock Brokers Limited.
• IDC recommends offer price as fair and reasonable.

Post-Offer Impact

• Pre-offer acquirer shareholding not disclosed.
• Post-offer shareholding depends on acceptances; no final figure disclosed.
• No stated delisting plan; no stated management change.
• Risk: Target to maintain minimum public shareholding; failure may invite action.

Timeline and Process

• Offer opening date: Sep 25, 2026; closing: Oct 9, 2026.
• Identified date determines eligibility; shareholders on Sept 10, 2026 eligible.
• Eligible participants: registered shareholders on identified date.
• Acceptance forms accessible on SEBI/BSE/CSE websites.

Independent Directors' Recommendation

• IDC recommends offer price as fair and reasonable.

Other Material Information

• Regulatory approvals: SEBI approval and stock exchange clearance required.
• Conditions/risks: minimum public shareholding risk; verification of physical shares; potential delay.

Offer overview

• Acquirers to acquire up to 37,70,000 shares representing 26% at INR 17.10 per share.
• Open offer opens on 25 September 2026 and closes on 9 October 2026.
• SPA with promoters for 65,91,796 shares (45.46%) triggers the open offer.
• Post-offer, acquirers would hold 71.46% and public float 28.54%.

Financials & funding

• Maximum open offer consideration ₹6.4467 crore; escrow ₹1.62 crore deposited.
• Escrow with Kotak Mahindra Bank; Manager to Offer: Corporate Professionals Capital Private Limited.
• Acquirer 1 net worth ₹22.73 crore.
• Acquirer 2 net worth ₹16.91 crore.

Governance & approvals

• Post-offer, acquirers will appoint representatives on the Target's Board.
• Independent Directors' recommendation to be published two working days before tendering.

Financial highlights

• Total revenue Rs 57.48 lakh; revenue from operations Rs 36.96 lakh.
• Profit before tax Rs 0.36 lakh; net profit Rs 0.36 lakh.
• EPS: Basic Rs 0.002; Diluted Rs 0.002.
• Paid-up equity capital Rs 1,439.63 lakh; total comprehensive income Rs 15.08 lakh.
• Other income Rs 20.52 lakh; tax expense nil.
• Auditors' review: unqualified; results unaudited for quarter ended 30-06-2026.
• Main business: yarn and polymers; no separate IND AS 108 segments.

No disclosed items

• No meeting date, time, location, or agenda items disclosed.