Mark Corporate Advisors Private Limited, acting as Manager to the Offer, submitted a Post Offer Advertisement to BSE Limited regarding the open offer for Devinsu Trading Limited. This advertisement was issued pursuant to Regulation 18(12) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

The open offer was made by three acquirers: Mr. Jaison Vijay Shah (Acquirer 1), Mr. Mukesh Kumar Bothra (Acquirer 2), and Yora Gems & Jewellery Private Limited (Acquirer 3). The offer was for the acquisition of up to 1,52,880 fully paid-up equity shares (representing 26.00% of the voting share capital) of Devinsu Trading Limited at a price of ₹355.00 per equity share.

Key Offer Details:

  • Offer Opening Date: Monday, August 17, 2026
  • Offer Closing Date: Monday, August 31, 2026
  • Payment Completion Date: Wednesday, September 02, 2026
  • Offer Price: ₹355.00 per equity share
  • Registrar to the Offer: Bigshare Services Private Limited

Actual Offer Outcome:

  • Shares Tendered: Nil
  • Shares Accepted: Nil
  • Size of Offer: Not Applicable (due to zero acceptance)

Acquisition Details:

  • Pre-offer Acquirer Holding: Nil shares (0% of voting share capital)
  • Shares Acquired via SPA: 1,71,493 shares (29.17% of voting share capital)
  • Shares Acquired via Open Offer: Nil
  • Shares Acquired After DPS: Nil
  • Post-offer Acquirer Holding: 1,71,493 shares (29.17% of voting share capital)

Public Shareholding Impact:

  • Pre-offer Public Holding: 4,16,507 shares (70.83% of voting share capital)
  • Post-offer Public Holding: 4,16,507 shares (70.83% of voting share capital) - No change due to zero acceptance in open offer

Publication Details:

The Post Offer Advertisement was published in the following newspapers on September 07, 2026:

  • Business Standard (English) - All Editions
  • Business Standard (Hindi) - All Editions
  • Navshakti (Marathi) - Mumbai Edition

The Detailed Public Statement was previously published on Wednesday, May 27, 2026, in the same newspapers.

Financial Impact:

No financial impact occurred from the open offer as no shares were tendered or acquired. The previously disclosed share purchase agreement resulted in acquisition of 29.17% stake for approximately ₹60.88 crore (1,71,493 shares × ₹355 per share), though this amount is not explicitly stated in the document.