Pankaj Polymers Promoters Enter Share Purchase Agreement for 58.15% Stake Sale

Pankaj Polymers Limited has announced a significant corporate development with its promoters entering into a Share Purchase Agreement (SPA) for the sale of their entire shareholding. The agreement, executed on January 14, 2026, marks a complete change in the company's ownership structure and will trigger regulatory obligations under securities laws.

Transaction Overview

The Share Purchase Agreement involves the sale of 32,23,627 equity shares of ₹10 each, representing 58.15% of the total voting share capital of the company. This transaction will result in the acquirers gaining control over Pankaj Polymers Limited.

Parameter:	Details
Agreement Date:	January 14, 2026
Total Shares:	32,23,627 equity shares
Share Value:	₹10 per share
Voting Percentage:	58.15%
Transaction Type:	Complete promoter exit

Promoter Sellers and Their Holdings

The promoter group consists of nine entities - six individuals and three private companies. The largest individual holding belongs to Kanchan Goel with 4.68% stake, while Pankaj Strips Private Limited holds the maximum stake at 18.14% among all promoter entities.

Name:	No. of Shares	Percentage
Pankaj Goel:	2,36,520	4.27%
Paras Goel:	2,35,660	4.25%
Kanchan Goel:	2,59,310	4.68%
Nita Goel:	2,05,000	3.70%
Prabha B Kedia:	2,09,228	3.77%
Aman Goel:	50,662	0.91%
Pankaj Capfin Private Limited:	6,57,617	11.86%
Pankaj Strips Private Limited:	10,05,730	18.14%
Pankaj Polytec Private Limited:	3,63,900	6.56%
Total:	32,23,627	58.15%

Acquiring Parties

The acquiring group comprises four individuals who currently hold no shares in the company. Upon completion of the transaction and subsequent open offer, these acquirers will gain control over the company and be classified as promoters under SEBI regulations.

Acquirer Name:	Current Holding
Sandeep Jain:	Nil
Vikas Garg:	Nil
Rahul Nagar:	Nil
Himanshu Arora:	Nil

Regulatory Implications

The transaction will attract mandatory obligations under SEBI (Substantial Acquisitions of Shares and Takeovers) Regulations, 2011. The acquirers will be required to make an open offer to public shareholders of the company. Upon completion of the open offer and the proposed transaction, the acquirers will exercise control over the company and be classified as promoters in accordance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Management Changes

As part of the transition, the existing promoter directors will tender their resignation from the board of the company upon completion of the proposed transaction. This will facilitate the new ownership structure and allow the acquirers to implement their management vision for the company.

The disclosure was made under Regulation 30 and 30A of SEBI (LODR) Regulations, ensuring transparency and compliance with regulatory requirements for material events that could impact shareholders' interests.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+4.99%	+9.69%	+98.28%	+200.50%	+254.69%	+1,394.20%

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.

Parameter:	Details
Offer Size:	14,41,414 equity shares (26% of voting capital)
Offer Price:	₹40.00 per share
Total Consideration:	₹5.77 crores (assuming full acceptance)
Face Value:	₹10.00 per share
Payment Mode:	Cash

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.

Transaction Parameter:	Details
Shares Acquired:	32,23,627 equity shares
Acquisition Percentage:	58.15% of voting capital
Purchase Price:	₹20.00 per share
Total Transaction Value:	₹6.45 crores
Transaction Date:	January 14, 2026

Acquirer Distribution

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

Acquirer Name:	Shares to be Acquired	Percentage Stake
Mr. Vikas Garg:	11,25,000 shares	20.29%
Mr. Rahul Nagar:	11,25,000 shares	20.29%
Mr. Sandeep Jain:	7,23,627 shares	13.05%
Mr. Himanshu Arora:	2,50,000 shares	4.51%

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.