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.

Noble Polymers Limited shareholders approved increasing the company's authorised share capital and altering the capital clause of the Memorandum of Association during an Extra-Ordinary General Meeting (EGM) held on June 13, 2026. The meeting, chaired by Mr. Sanjay Shah, also sanctioned the issuance of equity shares and fully convertible share warrants on a preferential basis. These resolutions are aimed at restructuring the company's capital base and expanding its financial flexibility.

The EGM took place at the company's registered office in Ahmedabad, with 18 members attending in person out of a total of 4,289 shareholders as of the cut-off date of June 05, 2026. Remote e-voting was conducted from June 10, 2026, to June 12, 2026, allowing shareholders to participate electronically. The statutory registers required for inspection under the Companies Act, 2013 were made available at the venue.

Resolutions Passed

The board proposed five key resolutions for shareholder approval. The first item, an ordinary resolution, sought approval to increase the authorised share capital and amend the capital clause. The subsequent four items were passed as special resolutions, requiring a higher threshold of shareholder consent.

Procedural Details

Mr. Yash Shah, a Practising Company Secretary, was appointed as the Scrutinizer to oversee the e-voting process and ensure transparency. The consolidated results of the remote e-voting and ballot voting will be announced within two working days of the meeting's conclusion. The company will submit the scrutinizer's report to the stock exchange separately in compliance with Regulation 44(3) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The meeting commenced at 12:00 P.M. IST and concluded at 12:35 P.M. IST. All directors, key managerial personnel, statutory auditors, and the scrutinizer were present. The notice convening the EGM was disseminated to shareholders via email.