Rishab Special Yarns Limited has announced a significant corporate development following its board meeting held on January 22, 2026. The company's board of directors has approved a proposal to change the corporate name, marking a potential strategic shift for the textile manufacturer.

Board Meeting Details

The board meeting was conducted at the company's registered office located at Peninsula Business Park in Mumbai's Lower Parel area. The meeting commenced at 4:30 PM and concluded at 5:00 PM, with the primary agenda focusing on the name change proposal.

Proposed Name Change

The board has approved changing the company name from "Rishab Special Yarns Limited" to one of the following options:

• Impera Industries Limited
• Northstar Industries Limited
• Any other name approved by regulatory authorities

The final selection will depend on approval from the Central Registration Centre, Ministry of Corporate Affairs, along with other necessary regulatory clearances.

Regulatory Compliance

The announcement was made in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has informed the Bombay Stock Exchange about this development, where it trades under scrip code 514177.

Corporate Information

The name change proposal represents a significant corporate decision that will require shareholder approval and completion of regulatory formalities before implementation. The company has not disclosed the strategic rationale behind the proposed name change in the current announcement.

Rishab Special Yarns Limited (RSYL) is currently the subject of an open offer that could potentially reshape its ownership structure. Vatsal Agarwaal and Nextera Global Private Limited have announced an open offer to acquire up to 9,25,782 shares representing 26% of Rishab Special Yarns Limited's voting capital at ₹13 per share.

Open Offer Details

Underlying Transaction

The open offer was triggered following a share purchase agreement where the acquirers gained a substantial stake in RSYL:

This acquisition represents a significant change in the company's ownership structure, with the acquirers gaining a substantial controlling interest.

Implications for Shareholders

The open offer provides an opportunity for public shareholders to sell their shares at ₹13 per share. Shareholders will need to carefully consider this information when deciding whether to participate in the open offer.

This corporate action represents a potential shift in control for Rishab Special Yarns Limited. Shareholders and market observers will be keenly watching how this open offer unfolds and its implications for the company's future direction.