Noble Polymers Limited is the subject of an open offer to acquire up to 22,76,406 equity shares, representing 26.00% of the emerging voting share capital, at a price of ₹5 per share. The offer is being made by Mr. Mahesh Alabhai Odedra and Mr. Hiren Rambhai Odedra, collectively referred to as the Acquirers, pursuant to the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The offer is payable in cash, and the Acquirers have stated that there has been no revision to the offer price.

The Committee of Independent Directors of the Target Company published its recommendation on July 08, 2026, stating that the offer price is fair and reasonable and in line with SEBI (SAST) Regulations. The offer is not a competing offer under Regulation 20 of the SEBI (SAST) Regulations. The Letter of Offer was dispatched to shareholders on July 03, 2026, and is also available on the websites of SEBI, the Target Company, the Registrar to the Offer, the Manager to the Offer, and BSE.

Revised Schedule of Activities

The Manager to the Offer, Kunvarji Finstock Private Limited, has issued a corrigendum to the Detailed Public Statement and Letter of Offer to update the Corporate Identification Number of the Target Company to L66120GJ1994PLC022429. The document also incorporates updates to various clauses regarding risk factors, directorship details, and statutory approvals.

Instructions for Shareholders

Public Shareholders holding shares in physical form must approach a selling broker to place bids on the Designated Stock Exchange platform. Acceptance of physical shares is subject to verification by the Registrar and Transfer Agent. Shareholders holding shares in dematerialized form may participate by approaching their respective selling brokers. In case of non-receipt of the Letter of Offer, shareholders may download it from the official websites or participate by submitting a written application with relevant details.

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