Simandhar Impex 74.64% Acquisition by Farmico International

The acquisition involved the purchase of 22,81,615 equity shares of the company, representing 74.64% of the paid-up equity share capital. The transaction was completed on May 21, 2026, in accordance with Regulation 22(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 and the terms of the Share Purchase Agreement.

Consequent to the completion of the acquisition and the Open Offer, Farmico International Private Limited has acquired substantial shareholding, voting rights and effective control over the company.

Additionally, Farmico International Private Limited and Mr. Chandraprakash Wadhwani (being the person exercising control over the acquirer) have become part of the Promoter and Promoter Group of the company in accordance with the applicable provisions of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

The disclosure was signed by Prashant Avantilal Vora, Managing Director (DIN: 06574912) from Mumbai.