Kkalpana Plastick Ltd (523652)

Kkalpana Plastick announced the completion of an open offer by Mr. Ashish Begwani, who will assume control as promoter on or before November 3, 2026. Concurrently, existing promoters Bbigplas Poly Private Limited and Mrs. Sarla Surana will be reclassified to the public category. The company is completely overhauling its board with the appointment of Ms. Ayesha Begwani as Managing Director and proposed a corporate name change to Campbell Ventures Limited (or Campbell Ventures and Hospitality Limited). For the half-year ended September 30, 2026, the company posted a pre-tax loss of Rs 5.41 lakhs alongside net cash used in operating activities of Rs 21.06 lakhs.

• Open offer completed by Mr. Ashish Begwani, with control transfer scheduled no later than November 3, 2026
• Complete leadership overhaul: Ms. Ayesha Begwani appointed as Managing Director for 5 years effective November 3, 2026
• Wholesale resignation of entire previous board, CFO, and statutory auditor M/s B. Mukherjee & Co. effective November 3, 2026
• Proposed company name change to Campbell Ventures Limited or Campbell Ventures and Hospitality Limited
• Reported net loss before tax of Rs 5.41 lakhs and operating cash outflow of Rs 21.06 lakhs for H1 ended September 30, 2026

Promoter entities Bbigplas Poly Private Limited and Sarla Surana have entered into a disposal of 40,12,335 equity shares, representing their entire 72.58% stake in Kkalpana Plastick Limited. The transaction was executed via an off-market Share Purchase Agreement dated July 07, 2026. Funds were transferred on October 27, 2026, and share transfers will follow after the trading window reopens. Post-transaction, the promoters' shareholding in the company drops to Nil, marking a complete change of ownership.

• Promoters disposed of entire 40,12,335 shares (72.58% voting share capital)
• Bbigplas Poly Pvt Ltd sold 40,11,335 shares (72.56%) and Sarla Surana sold 1,000 shares (0.02%)
• Post-transaction holding for the selling promoters is Nil
• Transaction executed off-market pursuant to an SPA dated July 07, 2026
• Funds transferred on October 27, 2026, with share transfer occurring after trading window opens post-October 29, 2026

Ashish Begwani disclosed the off-market acquisition of 40,12,335 equity shares representing 72.58% of Kkalpana Plastick Limited's voting share capital on October 27, 2026. The acquisition was executed pursuant to a Share Purchase Agreement dated July 07, 2026, which followed an Open Offer public announcement. Combined with 350 shares previously tendered in the open offer, the acquirer now holds 40,12,685 shares (72.58%). This represents a complete change in controlling ownership for the micro-cap entity which reported zero TTM revenue.

• Acquisition of 40,12,335 equity shares representing 72.58% of the company's total voting capital
• Acquisition completed off-market on October 27, 2026, under an SPA dated July 07, 2026
• Total post-acquisition holding stands at 40,12,685 shares (72.58%) including 350 shares from the open offer
• Total paid-up and diluted equity capital stands unchanged at Rs 5,52,85,350 across 55,28,535 shares

Kkalpana Plastick reported the completion of the Open Offer by Mr. Ashish Begwani, who will assume promoter control of the company by November 3, 2026. Concurrently, existing promoters Bbigplas Poly Pvt Ltd and Sarla Surana are stepping down and reclassifying to the public category. The company is completely overhauling management, appointing Ayesha Begwani as Managing Director and Manish Kumar Jain as CFO, while accepting resignations of existing directors and statutory auditors. The Board has also approved changing the company's name to Campbell Ventures Limited (or Campbell Ventures and Hospitality Limited) and approved Q2 FY27 un-audited results.

• Open Offer concluded; Mr. Ashish Begwani to take control and become promoter on or before November 3, 2026
• Existing promoters Bbigplas Poly Pvt Ltd and Sarla Surana to be reclassified to public category
• Wholesale leadership change with Ayesha Begwani appointed MD for 5 years and Manish Kumar Jain appointed CFO effective November 3, 2026
• Statutory auditor M/s B. Mukherjee & Co. and internal auditor resigned effective November 3, 2026
• Board approved name change proposal to Campbell Ventures Limited or Campbell Ventures and Hospitality Limited

The Committee of Independent Directors of Kkalpana Plastick Limited met on August 17, 2026, to review and analyze the open offer made by acquirer Mr. Ashish Begwani. The open offer is for up to 14,37,420 equity shares of face value Rs. 10 each, representing 26.00% of the company's total voting capital under SEBI SAST Regulations. The formal recommendations of the committee will be published in the newspapers following the earlier Detailed Public Statement dated July 14, 2026. The development is material given Kkalpana Plastick's micro-cap size of Rs 27 Cr and nil TTM operational revenue.

• Open offer by Mr. Ashish Begwani to acquire up to 14,37,420 equity shares of face value Rs. 10/- each.
• The acquisition size represents 26.00% of the total paid-up equity and voting share capital.
• Committee of Independent Directors analyzed and reviewed the offer on August 17, 2026.
• Recommendations to be published in newspapers following the Detailed Public Statement dated July 14, 2026.

Mr. Ashish Begwani has issued a formal Letter of Offer to acquire up to 14,37,420 equity shares, representing 26% of Kkalpana Plastick Ltd, at a price of Rs 28 per share. This offer price is at a significant discount (~46%) to the current market price of Rs 51.8. The transaction triggers a change in control and management of the company, which currently reports zero operational revenue. The tendering period for public shareholders is scheduled from August 21, 2026, to September 4, 2026.

• Offer price set at Rs 28 per share, significantly below the current market price of Rs 51.8
• Acquisition of up to 14,37,420 shares representing 26.00% of total paid-up equity
• Tendering period scheduled to open on August 21, 2026, and close on September 04, 2026
• Target company currently has TTM revenue of Rs 0 Cr and a net worth of only Rs 6 Cr
• The offer is made pursuant to a change in control and management under SEBI (SAST) Regulations

Kkalpana Plastick reported zero operational revenue for the quarter ended June 30, 2026, continuing its status as a non-operational entity. The company posted a net loss of Rs 7.57 Lacs, a sharp decline from a profit of Rs 0.30 Lacs in the year-ago period, driven by a 100% increase in other expenses to Rs 12.76 Lacs. A critical development is the ongoing Open Offer by Mr. Ashish Begwani to acquire a 26% stake (14,37,420 shares), for which a Committee of Independent Directors has now been formed.

• Revenue from operations remained at Rs 0.00 for Q1 FY27, consistent with the previous year.
• Net loss of Rs 7.57 Lacs recorded against a profit of Rs 0.30 Lacs in Q1 FY26.
• Other expenses doubled to Rs 12.76 Lacs from Rs 6.38 Lacs in the corresponding quarter last year.
• Open Offer initiated by Mr. Ashish Begwani to acquire up to 26% of the total paid-up equity capital.
• Committee of Independent Directors constituted to provide reasoned recommendations on the Open Offer.