Mayur Leather Products Ltd (531680) — Offer Document | 29 September 2026

The draft Letter of Offer filed by Mr. Ghanshyam Hansrajani on September 29, 2026, proposes an open offer to acquire up to 12,57,048 Equity Shares (26% of MLPL's paid-up capital) at ₹27.92 per share, representing a total consideration of [amount not verified]. The offer is made under SEBI (SAST) Regulations, 2011, following a Share Purchase Agreement with promoter sellers. The offer opens on November 9, 2026, and closes on November 23, 2026. The Acquirer has deposited [amount not verified] in escrow, exceeding 100% of the offer consideration. Key risks include the Target Company's accumulated losses, overdue loans, asset disposals without proper documentation, and regulatory non-compliances. The Target Company has not generated operational revenue recently and faces going concern concerns. The filing emphasizes procedural compliance, escrow arrangements, and shareholder acceptance rules, with no guaranteed acceptance or minimum threshold.