Committee of Independent Directors constituted for Open Offer of 21,76,540 shares
Jay Kailash Namkeen Ltd has constituted a Committee of Independent Directors.
- Open Offer Size
- 21,76,540 fully paid-up equity shares
- Face Value
- Rs. 10/- each
- Acquirer
- Mr. Amar Pramod Talwar
- Board Resolution Date
- October 02, 2026
- Committee Members
- Mr. Dipakbhai Bhikhubhai Hariyani, Ms. Pooja Jamnabhai Varsani, Mr. Vipin Vishvanath Agrawal
Jay Kailash Namkeen Ltd has constituted a Committee of Independent Directors in connection with an Open Offer being made for its shares.
What happened
The Board of Directors passed a resolution on October 02, 2026, by way of circulation, constituting a Committee of Independent Directors. The company refers to itself as the Target Company in this context.
Who is on the committee
- Mr. Dipakbhai Bhikhubhai Hariyani
- Ms. Pooja Jamnabhai Varsani
- Mr. Vipin Vishvanath Agrawal
What the committee's stated job is
The update says the purpose of the committee is to provide reasoned recommendations on the Open Offer.
What the Open Offer covers
- The Open Offer is for the acquisition of 21,76,540 fully paid-up equity shares of Rs. 10/- each from the equity shareholders of Jay Kailash Namkeen Limited.
- The acquirer named in the update is Mr. Amar Pramod Talwar.
- The company's scrip code on BSE is 544160.
How to read an Open Offer
An Open Offer is a public offer made to existing shareholders of a company to buy their shares, typically when an acquirer picks up a substantial stake. Setting up a committee of independent directors is one of the steps in that process, and its role here is to give shareholders a reasoned view on the offer.
The update also states that the Open Offer is being made pursuant to the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.
What stands out for a retail shareholder
- The committee is made up only of independent directors, as named above.
- The offer is for a defined number of shares — 21,76,540 — of face value Rs. 10/- each.
- The stated deliverable from this committee is its reasoned recommendations on the Open Offer, which is the document shareholders would look at to understand the committee's view on the offer.
More numbers
- Shares under the Open Offer21,76,540
- Face value per equity shareRs. 10/-
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