AGPH (Thailand) Ltd has announced a tender offer to acquire all ordinary shares of Polyplex (Thailand) Public Company Limited (PTL), a step-down subsidiary of polyplex corporation , for THB 15 per share. The total offering amount for the transaction stands at THB 13.5 billion, covering 100% of the issued and outstanding ordinary shares of PTL. The announcement was submitted to the Securities and Exchange Commission and the Stock Exchange of Thailand on June 22, 2026.

The tender offer targets 900,000,000 ordinary shares, representing 100% of the total issued securities and total voting rights of PTL. No preferred shares, warrants, convertible debentures, or other securities are included in the offer. AGPH (Thailand) Ltd, the Tender Offeror, stated it currently holds no shares or convertible securities in PTL prior to this announcement.

AGPH (Thailand) Ltd is a wholly owned subsidiary of AGP Holdco Limited, Dubai UAE. AGP Holdco Limited currently holds 76,21,390 equity shares, constituting 24.28% of the share capital of Polyplex Corporation Limited. The offer is being prepared by Kiatnakin Phatra Securities Public Company Limited, with Trilegal and TTT & Partners Company Limited acting as legal advisors.

The official submission of the tender offer is expected to be made within June 29, 2026. This timeline is in accordance with Clause 13 of the Notification of Capital Market Supervisory Board No. TorJor. 12/2554, which requires submission within seven business days from the announcement date.

Tender Offer Details

Polyplex Corporation Limited has opened the remote e-voting facility for its postal ballot process to seek shareholder approval on special resolutions. The voting period is scheduled to commence on June 5, 2026, at 9:00 a.m. IST and will conclude on July 4, 2026, at 5:00 p.m. IST. The company has engaged KFin Technologies Limited (KFinTech) to facilitate the electronic voting process.

Members whose names appear on the Register of Members or as Beneficial Owners as on the cut-off date of May 26, 2026, are entitled to vote. Shareholders can cast their votes by visiting the KFinTech portal or by registering with their respective depositories, NSDL and CDSL. The notice of the postal ballot was sent electronically to members on June 4, 2026.

The resolutions, if passed by the requisite majority, shall be deemed to have been passed on July 4, 2026. The results of the remote e-voting will be announced on or before July 4, 2026, and will be displayed on the company's notice board at its Registered and Corporate offices. The outcomes will also be posted on the company's website and communicated to the National Stock Exchange of India Limited and BSE Limited.

In case of queries or grievances, members can contact the KFinTech helpdesk or the Company Secretary. The process is being conducted in compliance with the provisions of the Companies Act, 2013, and the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Key Dates for Postal Ballot