Gopal Zanwar, Kiran Shamsundar Zanwar and Mayur Shrikant Zanwar made an offer to acquire 25.37% stake in Mewat Zinc Limited (BSE:513496) for INR 10.14 million on February 7, 2022. Under the terms Gopal Zanwar, Kiran Shamsundar Zanwar and Mayur Shrikant Zanwar will acquire 1.04 million shares for INR 10 per share. In a related transaction Gopal Zanwar, Kiran Shamsundar Zanwar and Mayur Shrikant Zanwar entered into share purchase agreement to acquire 74.63075% stake in Mewat Zinc Limited (BSE:513496) from Jai Prakash Gupta (HUF) Jai Prakash Gupta and Neena Gupta for INR 26.9 million on February 7, 2022. The offerors have adequate resources to meet the financial requirements of the Offer. No funds are being borrowed from any bank or financial institution for the purpose of the offer by the acquirers. The offer opens of April 1, 2022 and closes on April 18, 2022. The offer opens of April 8, 2022 and closes on April 25, 2022. Sarthak Vijlani of Navigant Corporate Advisors Limited acted as financial advisor to Gopal Zanwar, Kiran Shamsundar Zanwar and Mayur Shrikant Zanwar. Swapnil Agarwal of NIVIS CORPSERVE LLP acted as registrar to Gopal Zanwar, Kiran Shamsundar Zanwar and Mayur Shrikant Zanwar.

Gopal Zanwar, Kiran Shamsundar Zanwar and Mayur Shrikant Zanwar completed the acquisition of 0.0125% stake in Mewat Zinc Limited (BSE:513496) for INR 0.0005 million on April 25, 2022.