Noble Polymers Ltd appointed Mahesh Alabhai Odedra and Hiren Rambhai Odedra as Additional Directors in the Promoter Category following a change in management pursuant to an open offer. The Board of Directors approved these appointments at a meeting held on June 29, 2026, based on the recommendations of the Nomination and Remuneration Committee. The acquirers deposited Rs. 1,14,00,000 in an escrow account, representing more than 100% of the maximum consideration payable under the offer, in compliance with SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

The appointments are subject to shareholder approval. Mahesh Alabhai Odedra possesses over 25 years of experience in the agri-business value chain, while Hiren Rambhai Odedra brings over six years of expertise in agro-based commodity trading. Both individuals are not related to any existing directors on the Board.

Consequently, Mr. Sanjaykumar Sevantilal Shah ceased to be the Executive Director and Chief Financial Officer of the company effective from the close of business hours on June 27, 2026. He resigned due to personal reasons and other professional commitments, confirming there were no material reasons other than those stated. His resignation was accepted by the Board on June 29, 2026.

The Board also reconstituted its committees. Mr. Mahesh Alabhai Odedra was inducted as a member of the Nomination & Remuneration Committee and the Stakeholders Relationship Committee. Mr. Sanjaykumar Sevantilal Shah ceased to be a member of these committees effective from the same date.

Furthermore, the Board approved the shifting of the Registered Office within the local limits of Ahmedabad City. The move is intended to facilitate expansion, provide larger office space, and improve administrative efficiency. The new address will be 3rd Floor, Sundaram Complex, Gurukul Road, Memnagar, Ahmedabad – 380052, effective June 29, 2026.

Board Composition and Committee Changes

Acquirers Mr. Mahesh Alabhai Odedra and Mr. Hiren Rambhai Odedra have fixed June 25, 2026, as the identified date for a proposed open offer to purchase 26.00% of the emerging voting share capital of Noble Polymers Limited . The offer involves 22,76,406 equity shares with a face value of ₹5 each, to be acquired at a price of ₹5 per share from public shareholders.

Kunvarji Finstock Private Limited, acting as the Manager to the Open Offer, informed BSE Limited that the identified date is set to determine the names of shareholders eligible to receive the Letter of Offer. This date is established in compliance with regulation 18(2) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeover) Regulations, 2011.

The open offer follows a Public Announcement dated May 14, 2026, a Detailed Public Statement published on May 21, 2026, and a Draft Letter of Offer dated May 29, 2026. The acquirers are collectively referred to as the Acquirers in the regulatory filings.

Key Offer Details

The identified date is crucial for shareholders as it determines the record of entitlement to participate in the open offer. Shareholders holding shares as of this date will be eligible to receive the Letter of Offer.