Ramgopal Polytex open offer: ₹17.10 price in 2026

What changed at Ramgopal Polytex

Pravin Kumar Shishodiya and Punit Shishodiya have launched a mandatory open offer for Ramgopal Polytex Limited, marking a change in control at the listed textiles and commodities trading company. The offer is for up to 37,70,000 equity shares, which represents 26.00% of the company’s equity share capital. The open offer price has been set at ₹17.10 per share. The public announcement was filed with BSE Limited on July 28, 2026. The open offer is being managed by Corporate Professionals Capital Private Limited.

Open offer details and pricing

The offer size of 37,70,000 shares at ₹17.10 implies a total consideration of about ₹6.4467 crore, assuming full acceptance. The acquirers have stated that payment will be made in cash. The cash payment structure is described as compliant with Regulation 9(1)(a) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 (SEBI SAST Regulations). The offer is not conditional on any minimum level of acceptance under Regulation 19(1). It is also not a competitive bid under Regulation 20.

The Share Purchase Agreement that triggered SEBI SAST obligations

The open offer follows the execution of a Share Purchase Agreement (SPA) on July 28, 2026. Under this SPA, the acquirers agreed to buy a 45.46% stake from the existing promoter group. The transaction triggered obligations under Regulation 3(1) and Regulation 4 of the SEBI SAST Regulations. The article states that the trigger was the acquisition of 65,91,796 equity shares from the promoter group. The acquisition price in this transaction was ₹9 per share, valuing the deal at about ₹5.9326 crore.

Post-transaction shareholding and control

After the promoter stake purchase described in the announcement, Pravin Kumar Shishodiya and Punit Shishodiya together hold 65,91,796 shares. This holding constitutes 45.46% of the target company’s equity share capital. The article says the acquisition transferred control over the management and affairs of Ramgopal Polytex to the Shishodiya brothers. The open offer now provides an exit opportunity to public shareholders at the announced open offer price, subject to tendering and acceptance.

Capital structure and identifiers

Ramgopal Polytex’s total equity share capital is stated as ₹14.50 crore. This is divided into 1,45,00,000 equity shares of face value ₹10 each. The scrip is listed on BSE Limited and the National Stock Exchange of India Ltd, and the article lists the ISIN as INE410D01017. It also carries BSE code 514223, and the sector classification referenced in the article is Textiles, with additional descriptors such as processing and texturising.

Key timelines: DPS, AGM, and book closure

The Detailed Public Statement (DPS) is expected to be published on or before August 04, 2026. The DPS is expected to carry comprehensive information on the offer price, acquirers, target company, and financial arrangements. Separately, Ramgopal Polytex has scheduled its 45th Annual General Meeting (AGM) for August 06, 2026 at 3:30 p.m. IST. The AGM is to be conducted through video conferencing and other audio-visual means, in compliance with the Companies Act, 2013 and SEBI (LODR) Regulations, 2015.

E-voting window and shareholder eligibility

For the AGM process, the company has announced that the register of members and share transfer books will remain closed from July 31, 2026 to August 06, 2026, both days inclusive. The cut-off date for determining eligibility for remote e-voting is July 30, 2026. The remote e-voting facility is scheduled to commence on August 03, 2026 at 9:00 a.m. IST and conclude on August 05, 2026 at 5:00 p.m. IST. Shareholders whose names appear as on the cut-off date will be entitled to participate in remote e-voting and attend the meeting.

Market data snapshots cited in the article

The article includes multiple market data snippets for Ramgopal Polytex across different points in time and sources, including values such as previous close ₹5.78, open ₹6.05, and a 52-week range of ₹4.71 to ₹7.71. It also mentions a market capitalisation of ₹8.77 crore and a P/E ratio of -10.080 in the displayed snapshot. Another line in the provided text mentions a “current price” of ₹1.55, and a separate snippet references ₹5.70 as a close price on May 23. Since the text does not reconcile timestamps for each figure, these numbers are best read as platform snapshots rather than a single continuous price series.

Business background included with the announcement

The article notes that Ramgopal Polytex was incorporated on March 28, 1981 and was promoted by Mohanlal R. Jatia of the Ramgopal Group. It is described as being primarily engaged in trading of polymer, yarn, and related commodities. Product categories referenced include plastic products such as HDPE, PP, LLDPE, and PBC, and textile raw materials such as POY, PFY, spandex, viscose, polyester spun, and rayon filament yarn. The company is stated to be based in Mumbai, India.

Quick facts table

Why this matters for shareholders and compliance tracking

A change in control combined with a mandatory open offer is a key corporate event for minority shareholders because it sets a defined tender route and a defined price under the SEBI SAST framework. In this case, the offer is explicitly stated to be in cash, not conditional on minimum acceptance, and not competitive, which frames how investors should read subsequent filings. Near-term attention typically shifts to the DPS, which is due on or before August 04, 2026, and to any follow-up disclosures linked to the offer process. Separately, the AGM-related book closure and e-voting dates matter for shareholder participation, but they are operationally distinct from the takeover process.

Conclusion

The Shishodiya brothers’ SPA-backed acquisition of 45.46% and the ensuing 26% open offer at ₹17.10 per share marks a formal change in control at Ramgopal Polytex. The next scheduled milestone is the DPS, expected on or before August 04, 2026, followed closely by the company’s AGM on August 06, 2026 with remote e-voting from August 03 to August 05.