Please find attached disclosure regarding execution of Share Purchase Agreement by Promoters of the Company and consequential Open Offer under the SEBI (Substantial Acquisition of Shares ....
M&A
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MEDIUM RISK
📅 Filed on BSE: 07 Jul 2026, 09:36 PM IST · BSE ID: c5c85386-d599-4e6f-8254-e5096f29b14e
View Original BSE Filing (PDF)
💡
In Simple Terms
The company's current owners are selling their majority stake to a new buyer, which requires the new buyer to make an offer to buy shares from public shareholders.
🤖 AI Summary
- Existing promoters entered a Share Purchase Agreement with Mr. Ashish Begwani for a substantial stake.
- Acquirer to acquire 40,12,335 equity shares, representing 72.58% of Kkalpana Plastick's voting rights.
- Proposed acquisition leads to change in control and management of the company.
- Mandatory open offer triggered for 14,37,420 equity shares, representing 26% of equity capital.
- Open offer price is Rs. 28/- per equity share, payable in cash.
🔢 Key Numbers — exact figures from BSE filing, not rounded
Shares to be acquired under SPA
40,12,335 fully paid equity shares of Rs. 10/- each
Percentage of Share Capital (SPA)
72.58%
Shares in Open Offer
14,37,420 fully paid equity shares of Rs. 10/- each
Percentage of Share Capital (Open Offer)
26%
Open Offer Price
Rs. 28/- per equity share
🏢 How This Affects the Company
The change in control and management signifies a new strategic direction for Kkalpana Plastick Ltd under the new acquirer, Mr. Ashish Begwani.
The open offer involves a cash payment for shares at Rs. 28/- per equity share, affecting the capital structure of the company post-acquisition.
Upon completion, the new acquirer will assume control over the company's operations, leading to potential changes in operational strategies and management.
The transaction is subject to satisfaction of conditions precedent and receipt of applicable statutory and regulatory approvals, introducing execution risk until completion.
👥 What This Means For Shareholders
✅
Action Required
Shareholders of Kkalpana Plastick Ltd will have an opportunity to tender their shares in the mandatory open offer at Rs. 28/- per equity share.
👤
Who Is Affected
Public shareholders of Kkalpana Plastick Ltd holding up to 26% of the paid-up equity share capital are affected, as the open offer allows them to sell their shares to the acquirer.
🔍
Management Signal
The existing promoters' decision to sell a controlling stake indicates a complete relinquishment of control and management in favor of the new acquirer.
For information only. Not investment advice. ForgeUp is not SEBI-registered.
👁 Watch List — track these upcoming events
Announcement of open offer schedule and detailed letter of offer.
Status of regulatory and statutory approvals for the transaction.
Completion date of the Share Purchase Agreement and change in control.
MEDIUM RISK
The transaction is subject to various conditions precedent and regulatory approvals, introducing uncertainty regarding its final completion.
💡 Investor Takeaway
Existing promoters Bbigplas Poly Private Limited and Mrs. Sarla Surana entered a Share Purchase Agreement to sell 40,12,335 equity shares (72.58%) to Mr. Ashish Begwani. This triggers a mandatory open offer for 14,37,420 equity shares (26%) at Rs. 28/- per share.
⚖️ Strengths & Concerns
✅ Positives
- The acquisition of 72.58% of voting rights by Mr. Ashish Begwani confirms a clear transfer of majority ownership.
- The mandatory open offer provides an exit opportunity for public shareholders at a specified price of Rs. 28/- per equity share.
⚠️ Concerns
- The transaction remains subject to various closing conditions and regulatory approvals, indicating uncertainty regarding its completion.
- Existing promoters will cease to be part of the promoter group, leading to a complete change in company leadership and control.
📅 Company Track Record
No previous filings found for Kkalpana Plastick Ltd, indicating limited publicly available historical context for this company.
Based on publicly available historical data. For context only.
❓ Frequently Asked Questions
What percentage of Kkalpana Plastick Ltd shares are being acquired under the Share Purchase Agreement?
Mr. Ashish Begwani has agreed to acquire 72.58% of the paid-up equity share capital and voting rights of Kkalpana Plastick Ltd.
How many equity shares are proposed to be acquired through the Share Purchase Agreement?
The Share Purchase Agreement involves the acquisition of 40,12,335 fully paid-up equity shares of Rs. 10/- each.
What is the open offer price per equity share for Kkalpana Plastick Ltd?
The mandatory open offer is at an offer price of Rs. 28/- per equity share, to be paid in cash.
What percentage of Kkalpana Plastick Ltd's share capital is subject to the open offer?
The open offer is for 14,37,420 fully paid equity shares, representing 26% of the company's paid-up and voting share capital.
Who are the current promoters selling their shares in Kkalpana Plastick Ltd?
The existing promoters selling their shares are Bbigplas Poly Private Limited and Mrs. Sarla Surana.
Questions based on this BSE filing only. For information purposes.