Rarever Financial Advisors Private Limited, acting as Manager to the Offer, has announced that the identified date for determining the names of shareholders to whom the Letter of Offer will be sent is fixed as July 17, 2026. This date is crucial for identifying the public shareholders of Dolphin Medical Services Limited who are eligible to participate in the open offer.
The open offer involves the acquisition of up to 39,25,988 fully paid-up equity shares of face value ₹10 each, representing 26.00% of the voting share capital of Dolphin Medical Services Limited. The offer price is set at ₹4.80 per equity share.
The acquirers are Mr. Amarandhar Reddy Kotha (Acquirer 1) and Mr. Mallour Rajesh Kumar (Acquirer 2), who are collectively making this offer to the public shareholders of the target company.
This announcement follows previous regulatory milestones including:
- Public Announcement dated May 15, 2026
- Detailed Public Statement published in newspapers on May 22, 2026
- Draft Letter of Offer dated June 01, 2026
The communication is made in compliance with Regulation 18(2) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeover) Regulations, 2011. The document is signed by Prasannkumar Y Bhatt, Authorised Signatory of Rarever Financial Advisors Private Limited, with SEBI Registration Number INM000013217, from Ahmedabad.