Ramgopal Polytex open offer: 26% at ₹17.10 in 2026

Open offer announced for change in control

Pravin Kumar Shishodiya and Punit Shishodiya have launched a mandatory open offer to acquire up to 37,70,000 equity shares of Ramgopal Polytex Limited (RPL). The offer size represents 26.00% of the company’s equity share capital, indicating a change in control for the textile manufacturer. The open offer price has been set at ₹17.10 per share. If fully accepted, the total consideration works out to ₹6.4467 crore.

The development is relevant for investors because open offers typically follow acquisitions that trigger takeover rules and can reset expectations around ownership, governance, and near-term disclosures. Ramgopal Polytex is listed on both BSE and NSE, and the announcement comes alongside scheduled corporate calendar events in early August.

Price, size, and total consideration

At ₹17.10 per share, the open offer is designed to purchase up to 37,70,000 shares from public shareholders. The total outlay, assuming full acceptance, is ₹6.4467 crore. These figures frame the financial commitment behind the open offer and provide a clear reference point for shareholders evaluating the pricing.

The offer is positioned as a mandatory open offer, which usually follows a transaction that leads to a change in control. The information provided points to the open offer being the key mechanism through which eligible shareholders can tender shares at the stated price.

Detailed Public Statement due by August 04, 2026

The Detailed Public Statement (DPS) is scheduled to be published on or before August 04, 2026. The DPS is expected to carry comprehensive information including the offer price, details of the acquirers, information about the target company, and the financial arrangements for the offer.

For investors tracking the process, the DPS date matters because it is the formal document that consolidates material offer terms and disclosures. It also typically helps shareholders understand timelines, tendering process, and compliance-related details.

AGM scheduled for August 06, 2026 via VC

Ramgopal Polytex has scheduled its 45th Annual General Meeting (AGM) for August 06, 2026 at 3:30 p.m. IST. The AGM will be held through video conferencing and other audio-visual means. The company has also stated that members who wish to obtain information on the company or view financial statements for the financial year ended March 31, 2026 can send queries to investor@ramgopalpolytex.com at least seven days before the AGM date.

With the DPS expected by August 04 and the AGM on August 06, the first week of August becomes an important window for shareholders following company disclosures and governance discussions.

Stock identifiers and trading snapshot

Ramgopal Polytex trades under NSE symbol RAMGOPOLY and BSE code 514223, with ISIN INE410D01017. The provided market snapshot shows a price of ₹25.75 with a change of -₹0.52 (-1.98%) on BSE (timestamp shown as 30 Apr, 4:00 PM). The company’s market capitalisation is listed at ₹27.27 crore in the same data set.

The dataset also includes other reported market reference points from a different date: as of Nov 10, 2025 at 04:01 PM, the closing price was ₹5.85, with market cap ₹8.48 crore, PE ratio -9.30 and PB ratio 0.72. These separate snapshots underline that the stock’s reported metrics have varied significantly across dates shown in the sourced information.

Business profile and location details

Ramgopal Polytex Limited was incorporated on March 28, 1981 and obtained its certificate for commencement of business on April 7, 1981. It is promoted by Mohanlal Jatia of the Ramgopal group. The company’s business description in the provided material includes trading of polymer, yarn, and related commodities, and it also manufactures draw twisted yarn in Amgaon, Maharashtra.

The registered office address is Greentex Clearing House, B-1, 2 & 3, Gosrani Compound, Rehnal Village, Bhiwandi, Thane - 421302. The corporate office is listed at 701, Tulsiani Chambers, Free Press Journal Marg, Nariman Point, Mumbai - 400021. The company’s contact details include telephone 022-61396800 and compliance email rplcompliance@ramgopalpolytex.com.

Financial performance: quarterly operating losses reported

The quarterly results table provided (figures in ₹ crore) shows very small net sales in recent quarters alongside negative operating profit. For example, net sales are listed at ₹0.04 crore (Mar 2025), ₹0.24 crore (Jun 2025), ₹0.43 crore (Sep 2025), and ₹0.21 crore (Dec 2025). Operating profit for the same periods is reported as negative, including -₹0.26 crore (Mar 2025), -₹0.89 crore (Jun 2025), -₹0.30 crore (Sep 2025), and -₹0.27 crore (Dec 2025).

The same quarterly table lists other income of around ₹0.20-₹0.21 crore in multiple quarters and nil interest and depreciation in the displayed lines. These datapoints indicate that other income is a visible component in the reported quarterly numbers shown.

Annual snapshot: net sales and profitability trend

On an annual basis (figures in ₹ crore), the income statement data included shows net sales of ₹1.48 crore in Mar 2025 versus ₹11.00 crore in Mar 2024 and ₹6.97 crore in Mar 2023. Operating profit (excluding other income) is reported at -₹0.96 crore in Mar 2025, -₹2.06 crore in Mar 2024, and -₹1.76 crore in Mar 2023. Earnings per share is shown as -₹0.13 for Mar 2025 and -₹1.16 for Mar 2024.

The balance sheet figures provided show share capital at ₹14.40 crore across multiple years, while total reserves are listed at -₹3.20 crore for Mar 2025 (compared with -₹2.91 crore for Mar 2024). Book value is shown as ₹7.26 in the snapshot section, while another table lists Book NAV per share at ₹7.78 (Mar 2025) and ₹7.98 (Mar 2024).

Key facts table

Market impact: what investors will track next

For the market, the immediate focal points are the DPS publication timeline and the AGM. The DPS is expected to consolidate information on the offer and financial arrangements, while the AGM provides a scheduled forum where shareholders typically engage on governance and performance.

The open offer price of ₹17.10 sits alongside a reported trading price of ₹25.75 in the provided snapshot, while separate historical references show much lower prices (₹5.85 as of Nov 10, 2025, and other standalone price points such as ₹1.55 and ₹2.25 cited in the material). Because these values are tied to different timestamps and contexts in the source data, investors generally rely on the most recent exchange-traded price and the formal offer documents for decision-making.

Conclusion

The mandatory open offer for 26% of Ramgopal Polytex at ₹17.10 per share marks a major ownership event for the company, with full acceptance implying a consideration of ₹6.4467 crore. The next confirmed milestones are the DPS publication on or before August 04, 2026 and the company’s 45th AGM on August 06, 2026 via video conferencing.