This disclosure is a regulatory update submitted by Sundae Capital Advisors Private Limited to the National Stock Exchange of India Limited and Bombay Stock Exchange Limited regarding ongoing proceedings before the Securities Appellate Tribunal (SAT).
The matter concerns an open offer given by Marwadi Chandarana Intermediaries Brokers Private Limited (Acquirer) to the shareholders of Trucap Finance Limited (Target Company).
Procedural Update
The case was listed for hearing before the Hon'ble Securities Appellate Tribunal on June 12, 2026. During the hearing, the counsel for the Appellant presented arguments, but the submissions could not be concluded due to paucity of time.
Next Hearing Date
The matter has been further listed for hearing on June 16, 2026, at 2:30 pm for continuation of the appellant's submissions.
Interim Stay Status
The interim stay that was originally granted vide order dated February 11, 2026, has been extended until the next date of hearing (June 16, 2026).
Disclosure Context
This submission is in continuation to the company's previous submission made on April 24, 2026, regarding the same matter.
The document was digitally signed by Chirag Pareek, Manager at Sundae Capital Advisors Private Limited, on June 15, 2026, at 18:04:07 IST.