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

What has been announced

Ramgopal Polytex Limited (RPL) has disclosed a mandatory open offer under takeover regulations, backed by a Letter of Offer and newspaper publication under Regulation 30 of the SEBI (LODR) framework. The open offer has been launched by Pravin Kumar Shishodiya and Punit Shishodiya as the named acquirers. The stated objective is to acquire up to 37.70 lakh equity shares, which equals 26.00% of Ramgopal Polytex’s equity share capital. The offer price has been set at ₹17.10 per equity share. At full acceptance, the maximum consideration is stated as about ₹6.4467 crore (also reported as ₹6.45 crore). The disclosures also state the mode of payment will be cash.

Who the acquirers are and what they are buying

The open offer is being made to public shareholders to purchase up to 37,70,000 shares of Ramgopal Polytex. The 26% offer size is consistent across the disclosures, even where timelines differ. The offer is described as a “mandatory” open offer, indicating it was triggered by an underlying transaction. Specifically, the open offer is linked to a Share Purchase Agreement (SPA) that is described as involving a 45.46% stake and a change in control. The documents indicate the SPA is the trigger event that required the acquirers to make the open offer.

Offer price and total consideration

The offer price is ₹17.10 per share for the shares tendered in the open offer. Based on the offer size of 37.70 lakh shares, the maximum cash outflow is described as ~₹6.4467 crore (rounded and also reported as ₹6.45 crore). Separately, an escrow amount of ₹1.62 crore has been specified for the offer. The disclosures also state the offer is not subject to any minimum level of acceptance. If shares validly tendered exceed the offer size, acceptance will be done on a proportionate basis.

Dates and why the timeline has drawn attention

Across the material provided, multiple schedules for the tendering period are mentioned. One schedule states a tendering period from September 25, 2026 to October 9, 2026, with completion by October 26, 2026. Another schedule mentions the offer opening on September 18, 2026 and closing on October 1, 2026. A later update states that the timeline has been revised again, with the tendering period scheduled from September 16, 2026 to September 29, 2026, replacing a previously announced schedule. These variations matter for shareholders because tendering can only occur within the final, applicable window communicated through official filings and updates.

Key regulatory disclosures cited

The disclosures reference a public announcement filed with BSE Limited on July 28, 2026. They also reference a Detailed Public Statement (DPS) dated August 3, 2026, and separately mention that the DPS is expected to be published on or before August 4, 2026. A milestone table included in the material lists the public announcement as July 28, 2026 and the detailed public statement as August 3, 2026. The same milestone table includes September 25, 2026 to October 9, 2026 as an offer window and October 26, 2026 as the completion deadline. In addition, another table includes an AGM schedule of August 6, 2026 at 3:30 p.m. IST via VC/OAVM.

Company identifiers and contact details

Ramgopal Polytex trades under the NSE symbol RAMGOPOLY and BSE code 514223, with ISIN INE410D01017. The registered office address listed is Greentex Clearing House, B-1, 2 & 3, Gosrani Compound, Rehnal Village, Bhiwandi, Thane - 421302. The corporate office is stated as 701, Tulsiani Chambers, Free Press Journal Marg, Nariman Point, Mumbai - 400021. The company telephone number is listed as 022-61396800. The compliance email is provided as rplcompliance@ramgopalpolytex.com.

What the disclosures say about market quotes

Alongside the corporate disclosure references, the material also shows a value of 30.74 and a Bid/Ask line of 0.00 / 30.74. No date or exchange context is provided in the text for this quote. As a result, it should be read only as a datapoint reproduced in the disclosure feed, not as a complete market snapshot.

Offer snapshot table

Timeline table (as stated across documents)

Market impact and what shareholders should track

The central shareholder action point is the tendering window because shareholders can participate only when the offer is open. Since the disclosures mention more than one schedule and then a revision, investors typically need to rely on the latest confirmed timetable in the company’s and acquirers’ official updates. The open offer price of ₹17.10 per share and the stated maximum consideration of about ₹6.45 crore provide the economic terms for evaluating participation. The fact that the offer is not subject to a minimum acceptance level means the acquirers do not require a threshold of tenders for the offer to proceed. If tenders exceed 26% of equity, acceptance will be proportionate, which can affect how many tendered shares are ultimately accepted.

Why this open offer matters

The open offer is directly tied to a change in control triggered by an SPA described as covering a 45.46% stake. In takeover situations, the mandatory open offer is the mechanism meant to give public shareholders an exit opportunity at a stated price. For Ramgopal Polytex, the structured milestones and repeated timeline updates make it important for shareholders to cross-check dates in the final letter-of-offer schedules and subsequent revisions. The disclosure trail also includes specific identifiers and contact information, which can help investors verify documents and raise compliance queries through the official channel.

Conclusion

Ramgopal Polytex’s mandatory open offer by Pravin Kumar Shishodiya and Punit Shishodiya seeks up to 26% of equity, or 37.70 lakh shares, at ₹17.10 per share, with full acceptance implying about ₹6.45 crore of cash consideration. The key variable across the documents is the offer schedule, which appears in multiple versions and then a revised timeline. Shareholders should watch for the final, effective tendering period communicated in the latest official filings and updates, along with the stated completion deadline where applicable.