Acquirer Ashish Begwani has initiated an open offer to acquire up to 14,37,420 fully paid-up equity shares, representing 26.00% of the total paid-up equity and voting share capital of Kkalpana Plastick Limited . The offer price is fixed at ₹28 per share, amounting to a total consideration of ₹4,02,47,760. This open offer is a triggered offer under Regulations 3(1) and 4 of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, following a substantial acquisition of shares by the acquirer.

The trigger event is a Share Purchase Agreement (SPA) dated July 07, 2026, between Mr. Ashish Begwani and the selling shareholders, Mrs. Sarla Surana and Bbigplas Poly Private Limited. Under this agreement, the acquirer is purchasing 40,12,335 equity shares, constituting 72.58% of the total paid-up equity and voting share capital of the target company. The negotiated price for this underlying transaction is ₹28 per share, payable in cash, aggregating to ₹11.23 crore.

Pursuant to the consummation of the underlying transaction, the acquirer will acquire control over Kkalpana Plastick Limited and will be constituted as the sole promoter. The selling shareholders, who currently form the promoter group, will cease to hold any equity shares and will relinquish control and management of the company. The acquirer has stated that he has adequate financial resources to meet the offer obligations.

The details of the open offer will be published in a newspaper via a Detailed Public Statement on or before Tuesday, July 14, 2026, in accordance with Regulation 14(3) of the SEBI SAST Regulations. The offer is not conditional upon any minimum level of acceptance and is not a competitive bid. VC Corporate Advisors Private Limited has been appointed as the Manager to the Offer.

Transaction Details

Shareholding Pattern

Kkalpana Plastick has disclosed the newspaper publication details for its ongoing postal ballot process concerning a lease renewal with its promoter, Bbigplas Poly Private Limited. The company published the notice in the Financial Express on June 06, 2026, and in the Bengali newspaper Sukhabar on June 07, 2026, in compliance with Regulation 47 of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015. The resolution seeks shareholder approval for a Leave and License Agreement to renew the lease of the company's registered office, a 528 sq. ft. premises at Maruti Building in Kolkata, classified as a material related party transaction due to a reported turnover of Nil in FY26.

The proposed agreement sets a monthly license fee of ₹10,000 for an initial term of 11 months starting August 20, 2026, with provisions for renewal aggregating to a maximum tenure of 33 months. The Audit Committee and the Board have recommended the resolution, stating the transaction is in the ordinary course of business and at arm's length. The total financial outflow is estimated at ₹3,30,000 if the full tenure is utilized. Bbigplas Poly Private Limited holds 72.56% of the equity shares in Kkalpana Plastick Limited, and previous transactions included a loan of ₹6,20,38,716.77 and rent payments of ₹1,20,000.

Key Details of the Proposed Transaction

National Securities Depositories Limited (NSDL) has been engaged to facilitate the remote e-voting process, with Mr. Ashok Kumar Daga, Practising Company Secretary, appointed as the Scrutinizer. Shareholders recorded in the Register of Members or List of Beneficial Owners as of May 29, 2026, are eligible to vote. The company confirmed that physical ballot forms are not accepted, and voting must be conducted via the NSDL e-Voting website.

E-Voting Schedule and Process