Kunvarji Finstock Private Limited, acting as Manager to the Offer, has issued a Public Announcement on behalf of Mr. Mahesh Alabhai Odedra (Acquirer-1) and Mr. Hiren Rambhai Odedra (Acquirer-2) for an open offer to acquire equity shares of Noble Polymers Limited. The announcement, dated May 14, 2026, has been made in compliance with Regulations 3(1) and 4 read with Regulations 13, 14, and 15(1) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

Open Offer Details

The open offer seeks to acquire up to 22,76,406 fully paid-up equity shares of face value ₹5.00 each, representing 26.00% of the emerging voting share capital of Noble Polymers Limited. The offer price has been set at ₹5.00 per share, payable in cash, and has been determined in accordance with Regulations 8(1) and 8(2) of the SEBI (SAST) Regulations, 2011. The equity shares of the target company are noted as not being frequently traded within the meaning of Regulation 2(1)(j) of the SEBI (SAST) Regulations, 2011.

As on the date of the Public Announcement, the acquirers do not hold any equity shares of the target company.

Underlying Transaction

The open offer has been triggered by the Board of Directors of Noble Polymers Limited, who, in their meeting held on May 14, 2026, proposed to issue and allot equity shares and convertible warrants on a preferential basis to the acquirers and non-promoters. The preferential issue is subject to approval by shareholders and other regulatory authorities.

The 2,34,75,735 convertible warrants do not form part of the emerging voting share capital of the target company as on the tenth working day from the closure of the tendering period, as the warrants can be exercised at any time after six months from the completion of the offer and prior to the expiry of eighteen months from the date of allotment. Each convertible warrant is convertible into one equity share of the target company.

Acquirer Details and Post-Offer Shareholding

The acquirers are Mr. Mahesh Alabhai Odedra, residing at 501, Navkar Harmony, Near Ahmedabad Haat, Vastrapur, Ahmedabad-380015, Gujarat, and Mr. Hiren Rambhai Odedra, residing at Mangal Dip, Co. Op. Society, Lal Palace Road, Porbandar-360575, Gujarat. Hiren Rambhai Odedra is the cousin of Mahesh Alabhai Odedra. Both acquirers held NIL equity shares in the target company prior to this transaction.

Pursuant to the open offer and the transactions contemplated, the acquirers would be in compliance with Regulation 38 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, ensuring that public shareholding shall not fall below 25%.

About the Target Company

Noble Polymers Limited is registered at Shop 10, Ankur Complex, Behind Town Hall, Ashram Road, Ellisbridge, Ahmedabad-380006, Gujarat, India, with CIN L17119GJ1994PLC022429. The company is listed on BSE Limited. The target company had been suspended for more than six months since 2018, following which the exchange initiated compulsory delisting proceedings. In 2025, the target company challenged the decision before the Securities Appellate Tribunal (SAT), which subsequently ordered that the company remain under suspension rather than be delisted. Subsequently, in the same year, the suspension was revoked, and the shares are currently being traded on the exchange.

Regulatory and Procedural Highlights

The open offer is a mandatory offer and is not conditional upon any minimum level of acceptance under Regulation 19(1) of the SEBI (SAST) Regulations, 2011. It is also not being issued pursuant to a competing offer under Regulation 20 of the SEBI (SAST) Regulations, 2011. The acquirers have confirmed they do not intend to delist the target company pursuant to this offer. The Detailed Public Statement is to be published within 5 working days of this Public Announcement, i.e., on or before May 21, 2026, in accordance with Regulations 13(4), 14(3), and 15(2) of the SEBI (SAST) Regulations, 2011. The acquirers have confirmed firm financial arrangements for financing the acquisition of the offer shares in terms of Regulation 25(1) of the SEBI (SAST) Regulations, 2011.

Noble Polymers Limited has notified BSE Limited of an upcoming Board of Directors meeting, scheduled for Thursday, May 14, 2026, at the company's registered office in Ahmedabad. The intimation has been filed pursuant to Regulation 29 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Board Meeting Agenda

The primary agenda of the meeting is to evaluate the company's fund-raising plans aimed at augmenting its financial resources. The key items to be transacted at the meeting are outlined below:

The Board will deliberate on the most appropriate method for raising funds, with the final decision subject to necessary regulatory and statutory approvals, as well as the approval of the company's shareholders.

Trading Window Closure

In compliance with the SEBI (Prohibition of Insider Trading) Regulations and the company's own Code of Conduct for Prohibition of Insider Trading, Noble Polymers Limited has announced a closure of the Trading Window for dealing in its securities. The key details of the Trading Window closure are as follows:

• Effective from: May 11, 2026
• Applicable to: All insiders, including Designated Persons and their immediate relatives
• Closure period: Until the expiry of 48 hours after the declaration of the outcome of the Board Meeting

The regulatory filing was signed by Sanjaykumar Shah, Director (DIN: 01748617), on behalf of Noble Polymers Limited, and dated May 11, 2026.

Company Details

The company's registered office is located at 10, Ankur Complex, B/h. Town Hall, Ashram Road, Ellisbridge, Ahmedabad – 380006.