Karachi: Mandviwalla Mauser Plastic Industries Limited has initiated the dispatch of offer letters to its shareholders, excluding the acquirers, marking the commencement of the acceptance period for a public offer. This announcement follows a public offer that was made on behalf of Meskay & Femtee Private Limited, the acquirer, through Intermarket Securities Limited, the manager to the offer. The offer aims to acquire up to 21,391,485 shares, representing 25.59% of the company's shareholding interest. The public offer was initially published in the Pakistan Observer and Roznama Dunya newspapers on February 6, 2025.

Offer letters, which include relevant instructions and letters of acceptance, have been circulated to all shareholders of Mandviwalla Mauser Plastic Industries, excluding the acquirers. The acceptance period for the public offer is scheduled between March 26, 2025, and April 3, 2025, with operating hours from 9:00 AM to 5:00 PM. This timeline takes into account the forthcoming Eid-ul-Fitr holidays, ensuring shareholders have ample opportunity to respond.

According to information available from the Pakistan Stock Exchange (PSX), the acceptance period's commencement has been duly announced in the Pakistan Observer and Roznama Dunya newspapers on March 20, 2025. This step is in accordance with Regulation 18 of the Listed Companies (Substantial Acquisition of Voting Shares and Takeovers) Regulations, 2017. Copies of the advertisement have been appended with the dispatch for further reference.

The process is being overseen by Intermarket Securities Limited as the manager to the offer, ensuring compliance with all regulatory requirements. Shareholders seeking additional information or clarification related to the offer are encouraged to reach out to the designated contact points provided within the dispatch materials.