Ramgopal Polytex Ltd: Open Offer Announced Post Promoter Deal

Open Offer Price: ₹17.10 per share
Offer Size: 37,70,000 shares (26% stake)

Reader Takeaway: Change in control with an exit option for shareholders despite ongoing losses.

What just happened

Mr. Pravin Kumar Shishodiya and Mr. Punit Shishodiya have entered into a Share Purchase Agreement (SPA) to acquire 45.46% of Ramgopal Polytex Ltd from existing promoters. This transaction triggers a mandatory open offer to acquire an additional 26% of the company's shares.

The open offer is priced at ₹17.10 per share, a premium to the SPA price of ₹9.00 per share. The acquirers intend to take control and continue the company's commodity trading business.

Why this matters

This development signifies a change in the control of Ramgopal Polytex. The open offer provides minority shareholders an opportunity to exit their investment at a premium price of ₹17.10 per share. The acquirers plan to maintain the existing business operations.

The backstory

Ramgopal Polytex has reported net losses for the past three financial years. For FY2026, the company posted a loss after tax of ₹0.99 crore (₹99.11 lakh), with Earnings Per Share (EPS) at (₹0.68).

What changes now

A successful open offer will lead to a new set of controlling shareholders for Ramgopal Polytex. The acquirers intend to continue the current business model focused on commodities trading in yarn and polymers.

Risks to watch

The company has a history of persistent financial losses, including a loss of ₹0.99 crore in FY2026. Additionally, while shares trade on BSE, they are suspended on the Calcutta Stock Exchange (CSE).

Peer comparison

(No peer comparison data available in the filing.)

Context metrics (time-bound)

• Net Worth (FY2026): ₹10.48 crore
• Net Loss (FY2026): ₹0.99 crore
• SPA Date: July 28, 2026
• Offer Price: ₹17.10 per share

What to track next

Investors should monitor the response to the open offer and the future financial performance of Ramgopal Polytex under the new management.