Open Offer Details

  • Target Company: Senthil Infotek Limited
  • Acquirers: Kolli Murali Krishna (Acquirer 1) and Gogineni Srinivas (Acquirer 2)
  • Offer Size: Up to 13,13,000 fully paid-up equity shares
  • Face Value: ₹10 per share
  • Percentage: 26% of voting share capital
  • Offer Price: ₹8 per equity share, payable in cash
  • No revision in offer price has been made

Regulatory Timeline

Previously submitted documents:

  • Public Announcement dated April 08, 2026
  • Detailed Public Statement dated April 15, 2026 (published April 16, 2026)
  • Draft Letter of Offer dated April 22, 2026
  • Letter of Offer dated June 08, 2026 with Form of Acceptance and Form SH-4

Publication Details

Pre-Offer Advertisement cum Corrigendum dated June 16, 2026 published in:

  • Financial Express (English, all editions)
  • Jansatta (Hindi, all editions)
  • Navshakti (Marathi, Mumbai edition)
  • Nava Telangana (Telugu, Hyderabad edition)

Independent Directors Committee Recommendation

  • Approval Date: June 15, 2026
  • Publication Date: June 16, 2026
  • Committee Members:
  • Sarada Dittakavi (Chairperson)
  • Sree Hari Ankem
  • Dittakavi Surekha
  • Recommendation: Unanimously approved that offer price of ₹8 is fair and reasonable

Basis for Recommendation

1. Complies with Regulation 8(2) of SEBI (SAST) Regulations

2. Higher than negotiated acquisition price of ₹5.50 per share

3. Equity shares are infrequently traded on BSE

4. Higher than fair value of ₹7.48 per share

Key Changes Incorporated from SEBI Observations

SEBI's final observations received via letter dated June 02, 2026 (Ref: HO/49/12/11(56)2026-CFD-RAC-DCR1/I/12819/2026)

Additional disclosures relating to Acquirers:

  • Directorship details of Gogineni Srinivas in tabular format
  • Confirmation acquirers are not fugitive economic offenders
  • No directions/penalties against acquirers by SEBI/RBI/Stock Exchanges (April 1, 2026 to date)
  • Acquirers will not sell shares during offer period
  • No intention to delist target company

Additional disclosures relating to Target Company:

  • Compliance with SEBI LODR Regulations
  • No penal actions by BSE in past three years
  • No penalties for non-compliance with LODR Regulations (2021-2026)
  • No directions/penalties against company/directors by SEBI/RBI/Stock Exchanges
  • Promoters/directors not categorized as wilful defaulters or fugitive economic offenders
  • Certain disclosure delays by erstwhile promoters may attract SEBI action
  • No report filed under Regulation 10(7) of SAST Regulations

Process for Reclassification

Actions required for reclassification of sellers from "promoter" to "public" category under Regulation 31A of SEBI LODR Regulations will be undertaken by acquirers.

Revised Schedule of Activities

| Activity | Original Schedule | Revised Schedule |

| Issuance of Public Announcement | April 08, 2026 (Wed) | April 08, 2026 (Wed) |

| Publication of DPS | April 16, 2026 (Thu) | April 16, 2026 (Thu) |

| Filing of draft Letter of Offer | April 23, 2026 (Thu) | April 23, 2026 (Thu) |

| Last date for competing offer | May 08, 2026 (Fri) | May 08, 2026 (Fri) |

| SEBI comments on draft LOF | May 15, 2026 (Fri) | June 02, 2026 (Tue) |

| Identified Date* | May 19, 2026 (Tue) | June 04, 2026 (Thu) |

| Dispatch of LOF | May 26, 2026 (Tue) | June 11, 2026 (Thu) |

| IDC recommendation | June 01, 2026 (Mon) | June 16, 2026 (Tue) |

| Upward revision of offer | June 02, 2026 (Tue) | June 17, 2026 (Wed) |

| Offer opening announcement | June 02, 2026 (Tue) | June 17, 2026 (Wed) |

| Offer Opening Date | June 03, 2026 (Wed) | June 18, 2026 (Thu) |

| Offer Closing Date | June 16, 2026 (Tue) | July 02, 2026 (Thu) |

| Payment/refund completion | July 01, 2026 (Wed) | July 16, 2026 (Thu) |

| Post-offer announcement | July 08, 2026 (Wed) | July 23, 2026 (Thu) |

*Identified Date (June 04, 2026) is only for determining shareholders to whom LOF was dispatched

Tendering Procedure

Public shareholders can tender shares through BSE's Acquisition Window mechanism. Detailed procedures provided for:

  • Dematerialized share holders (through selling brokers)
  • Physical share holders (with specific documentation requirements)
  • Those who haven't received LOF (can download from SEBI/BSE websites)

No Material Changes

No material changes in relation to open offer since date of PA and DPS, except as disclosed in LOF and this advertisement.

Statutory Approvals

As of date, no statutory or regulatory approvals required to acquire offer shares. If any become required later, open offer will be subject to such approvals.

Manager to Offer Details

Synfinx Capital Private Limited

  • Address: Flat No. 501, 5th Floor, Krishnaveer's Euphoria, Jubilee Enclave Road, HITEC City, Hyderabad-500081
  • Tel: +91 40 45046315 / +91 9833932080
  • SEBI Registration: INM000013192 (Permanent)
  • Contact: Thanmayi Katta / Hari Surya

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