Pankaj Polymers Limited has become the subject of a mandatory open offer following a significant acquisition by four individual investors. The acquirers - Mr. Sandeep Jain, Mr. Vikas Garg, Mr. Rahul Nagar, and Mr. Himanshu Arora - have announced their intention to purchase up to 14,41,414 equity shares from public shareholders, representing 26.00% of the company's voting share capital.

Open Offer Details

The mandatory open offer has been triggered following the execution of a Share Purchase Agreement on January 14, 2026, under which the four acquirers agreed to purchase a controlling stake from existing promoters.

Underlying Transaction Details

The open offer obligation arose from a substantial acquisition where the four acquirers purchased 32,23,627 equity shares from existing promoters, representing 58.15% of the total voting share capital.

Acquirer Distribution

The four acquirers will hold varying stakes in the company following the completion of the underlying transaction:

All four acquirers had no prior shareholding in Pankaj Polymers Limited before this transaction.

Promoter Exit

The transaction involves a complete exit by existing promoters and promoter group entities. Nine promoter entities, including individual promoters and three private limited companies, are selling their entire stakes:

• Individual promoters: Mr. Pankaj Goel, Mr. Paras Goel, Mrs. Kanchan Goel, Mrs. Nita Goel, Mrs. Prabha B Kedia, and Mr. Aman Goel
• Corporate entities: Pankaj Capfin Private Limited, Pankaj Strips Private Limited, and Pankaj Polytec Private Limited

Regulatory Compliance

The open offer is being conducted under Regulations 3(1) and 4 of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. Fintellectual Corporate Advisors Private Limited is serving as the Manager to the Offer. The detailed public statement will be published within five working days of the public announcement, by January 21, 2026.

The offer is not conditional upon any minimum level of acceptance and represents a triggered mandatory open offer following the substantial acquisition of voting rights in the company.

Pankaj Polymers Limited has announced the appointment of Ms. Nupur Garg as Company Secretary and Compliance Officer with immediate effect from January 10, 2026. The appointment was made in compliance with regulatory requirements under the Companies Act, 2013 and SEBI Listing Regulations.

Board Approval and Regulatory Compliance

The Board of Directors of Pankaj Polymers Limited approved the appointment at their meeting held on January 10, 2026. The decision was made pursuant to Section 203 of the Companies Act, 2013, read with Regulation 6 of the SEBI Listing Regulations. The company has informed the Bombay Stock Exchange about this key managerial personnel change under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirement) Regulations, 2015.

Appointment Details

The key details of Ms. Nupur Garg's appointment are presented below:

Professional Background

Ms. Nupur Garg brings valuable expertise to her new role at Pankaj Polymers Limited. She is a qualified Company Secretary with membership number A19874 and possesses practical exposure to corporate, secretarial and statutory compliances under various corporate laws. Her experience in corporate governance and regulatory compliance will support the company's adherence to statutory requirements and best practices.

Corporate Governance Enhancement

The appointment of Ms. Garg as Company Secretary and Compliance Officer strengthens Pankaj Polymers Limited's corporate governance framework. As Company Secretary, she will be responsible for ensuring compliance with various regulatory requirements, maintaining statutory records, and facilitating effective board processes. In her role as Compliance Officer, she will oversee the company's adherence to SEBI regulations and other applicable laws.

The appointment reflects the company's commitment to maintaining robust corporate governance standards and regulatory compliance. Managing Director Pankaj Goel announced the appointment, emphasizing the importance of having qualified professionals in key managerial positions to support the company's operations and growth objectives.