Noize Brands Announces Open Offer for 26% Stake in Jauss Polymers at ₹16.05 Per Share

Noize Brands and Lifestyle Limited has announced a mandatory open offer to acquire up to 12,02,650 equity shares of Jauss Polymers Limited, representing 26.00% of the company's equity and voting share capital. The offer, made in conjunction with person acting in concert Mr. Aditya Chopra, is priced at ₹16.05 per equity share. Open Offer Structure and Financial Details The open offer follows SEBI (SAST) Regulations and has been triggered by an underlying acquisition transaction. Gretex Corporate Services Limited has been appointed as the manager to facilitate the offer process. Parameter: Details Offer Size: 12,02,650 equity shares Offer Price: ₹16.05 per share Total Consideration: ₹1,93,02,533 (assuming full acceptance) Stake Percentage: 26.00% of equity and voting capital Payment Mode: Cash Underlying Transaction Details The open offer obligation was triggered by a Memorandum of Understanding dated January 27, 2026, where Noize Brands agreed to acquire a substantial stake in Jauss Polymers from existing promoters. Transaction Details: Specifications Acquisition Date: January 27, 2026 Equity Shares Acquired: 20,07,754 shares (43.41% stake) CCPS Acquired: 33,000 shares (75% of CCPS) Total Consideration: ₹3,75,00,000 Sellers: Mr. Ketineni Satish Rao and Mr. Keerthi Narsimbatchari Acquirer and Target Company Information Noize Brands and Lifestyle Limited, based in Noida, Uttar Pradesh, will become the promoter of Jauss Polymers following the transaction completion. The acquirer had no prior shareholding in the target company before this acquisition. Target Company Details: Name: Jauss Polymers Limited CIN: L74899HR1987PLC066065 Registered Office: Plot No. 51, Roz ka meo Industrial area, Gurgaon, Sohna, Haryana- 122103 Stock Exchange Listing: BSE Limited (Code: 526001, Symbol: JAUSPOL) and Calcutta Stock Exchange Limited (Code: 020054) ISIN: INE593O01017 Regulatory Compliance and Timeline The open offer complies with Regulations 3(1) and 4 read with Regulations 13(1) and 15(1) of SEBI (SAST) Regulations. The detailed public statement will be published in newspapers by February 11, 2026, within five working days of the public announcement dated February 04, 2025. Key regulatory aspects include: No minimum acceptance level required Not a competing offer under SEBI regulations Acquirer has confirmed adequate financial arrangements No intention to delist the target company Joint and several responsibility of acquirer and PAC for compliance The tendering period will span 10 working days, during which public shareholders can tender their equity shares in acceptance of the open offer. All payments will be made in cash as per SEBI regulations. Jauss Polymers Limited , a company previously engaged in manufacturing plastic bottles, jars, and caps, has received an adverse conclusion from its auditors on the quarterly results ended September 30. The auditors have cited material uncertainty about the company's ability to continue as a going concern, raising significant questions about its future operations. Key Financial Highlights For the quarter ended September 30, Jauss Polymers reported the following financial results: Particulars Q2 Q1 Q2 (Previous Year) Revenue from Operations - - - Other Income - 39.44 - Total Revenue - 39.44 - Total Expenses 3.74 7.09 2.73 Profit/(Loss) before tax (3.74) 32.35 (2.73) Profit/(Loss) for the period (3.74) 32.35 (2.73) All figures in ₹ lakhs Auditor's Concerns The auditors, Mahesh Yadav & Co., have highlighted several critical issues in their review report: Nil Turnover: The company has reported no revenue from operations for the current quarter, indicating a complete halt in its primary business activities. Historical Losses: In previous financial years, the company has suffered significant losses, further weakening its financial position. Asset Sales: Jauss Polymers sold its plant and machinery in FY2020-21, suggesting a discontinuation of its manufacturing operations. Investment Divestment: During the quarter ended June 30, the company sold its investment in Innovative Containers Pvt Ltd for ₹394.44 lakhs, which was previously valued at ₹355.00 lakhs. Lack of Future Plans: The management has not provided any assessment of the company's ability to continue as a going concern or presented plans for future actions to address the current situation. No Cash Flow Forecast: The entity has not prepared a cash flow forecast to evaluate management's plans for future actions. Financial Position As of September 30, Jauss Polymers' financial position shows: Particulars September 30 March 31 Total Assets 870.58 866.20 Total Equity 868.44 839.82 Total Liabilities 2.14 26.38 All figures in ₹ lakhs Management Response The company's board of directors approved the unaudited financial results in a meeting held on November 14. However, they have not provided any specific plans or strategies to address the going concern issues raised by the auditors. Conclusion The adverse conclusion from the auditors and the lack of operational revenue raise serious questions about Jauss Polymers' future. The company's ability to continue as a going concern remains in doubt, and stakeholders will be closely watching for any plans or actions from the management to address these critical issues. Investors and stakeholders should exercise caution and seek professional advice when considering any decisions related to Jauss Polymers Limited, given the current uncertain state of its business operations and financial health. We’re building Scanx - to help you express your trading & investing idea, to help you analyse the markets better. Stock Markets are the true indicator of the growth of any country's economy. We are bullish on India, we are bullish on India's prospects to be one of largest economies of the world. We believe that Stock Markets provide an unique opportunity for all Indians to participate in the growth story of India. 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