In the open offer document, as of now it is mentioned on Page 3/4 that ‘the acquirer does not have the intention to delist the company after the open offer’

Need more clarity here on what could be the way forward for sure.

Discl : Invested

Gross margins should stabilize somewhere around 6-10%. The promoter previously mentioned in concall or investor meet (I dont remember) that they get raw materials and processing at 80 and sell it at 92 (incl. 5% Gst).

India is and always will be a pocket friendly country first irrespective of environmental concerns and so Biodiesel will never surpass diesel rates.

Kotyark’s venturing into further processing of Glycerin can make its bottom line a little better.

At the end of the day the main business is linked with commodity and upcoming elections’ effect (2024) could reduce prices of diesel (cuts in taxes) which can significantly hamper its margins or can lead into losses. If they could diversify into geographies with very high taxes on diesel, they could expand their bottomline since they could have a bigger say on sales level.

The merger (with group company) will also help their topline.

Any idea will Nirma group delist the company after completion of open offer. Should we tender/sell our shares or hold on as of now.
If not selling now will I get chance to sell it later or not.
I have not faced such kind of situation till now.
Disc-holding 15% of pf from lower levels.

I hope there is someone in this thread who has registered themselves as a speaker for tomorrow’s AGM and can ask the following set of questions asked by Nirvana.

It would be really great if Nirma management arranges an investor meeting and explain their plans for GLS. Without knowing their plans for the company, it’s impossible to know what lies ahead.