Jauss Polymers Limited has established a Committee of Independent Directors through a board resolution passed on March 17, 2026, to oversee a significant open offer process. The committee formation represents a key governance step in the ongoing acquisition proceedings involving the company's equity shares.

Committee Composition and Purpose

The newly constituted committee comprises three independent directors who will provide reasoned recommendations on the open offer. The committee members include:

The committee's primary mandate involves evaluating and providing recommendations regarding the acquisition proposal submitted by the acquirer and person acting in concern.

Open Offer Details

The open offer involves the acquisition of equity shares by M/s. Noize Brands and Lifestyle Limited, acting as the acquirer, along with Mr. Aditya Chopra as the person acting in concern. The acquisition parameters are structured as follows:

Regulatory Compliance Framework

The open offer is being conducted in strict adherence to regulatory requirements under the Securities and Exchange Board of India framework. The process follows SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, specifically:

• Regulation 3(1) governing substantial acquisition procedures
• Regulation 4 outlining takeover compliance requirements

The board resolution was passed through circulation on March 17, 2026, ensuring proper corporate governance protocols were followed in the committee formation process. The company has formally notified BSE Limited about this development to maintain transparency and regulatory compliance throughout the acquisition process.

Jauss Polymers Limited has announced a significant shareholding change with its promoter entering into a share purchase agreement for a substantial equity stake transfer. The company disclosed this development to BSE Limited on February 19, 2026, in compliance with regulatory requirements.

Share Purchase Agreement Details

The company's promoter, Mr. Ketineni Satish Rao, has executed a Share Purchase Agreement dated February 19, 2026, with Noize Brands And Lifestyle Limited as the acquiring entity. The transaction involves a significant portion of the company's equity capital.

Regulatory Compliance

The disclosure was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. This regulation mandates listed companies to inform stock exchanges about material events and corporate developments that could impact investor decisions.

Transaction Structure

Under the terms of the Share Purchase Agreement, Noize Brands And Lifestyle Limited has agreed to acquire 43.41% of the paid-up equity share capital of Jauss Polymers Limited from the promoter. The completion of this transaction remains subject to the terms and conditions set out in the agreement.

The company secretary Priya Parashar signed the disclosure document digitally, confirming the authenticity of the information provided to the stock exchange. This transaction represents a significant change in the ownership structure of Jauss Polymers Limited, with the promoter divesting a substantial portion of his shareholding to Noize Brands And Lifestyle Limited.