Open Offer Details

Open Offer Parameters

  • Offer Size: Up to 58,43,327 fully paid-up equity shares of face value ₹10 each
  • Percentage: 26.00% of the Emerging Paid-Up Equity Share Capital of Target Company
  • Offer Price: ₹15.00 per equity share
  • Total Consideration: ₹8,76,49,905 (assuming full acceptance)
  • Mode of Payment: Cash payment as per Regulation 9(1)(a) of SEBI (SAST) Regulations
  • Offer Type: Triggered/Mandatory Offer under Regulation 3(1) and Regulation 4

Capital Structure Details

  • Current Paid-Up Equity Share Capital: 30,00,000 equity shares (as of August 21, 2026)
  • Emerging Paid-Up Equity Share Capital: 2,24,74,333 equity shares (post-preferential allotment)

Triggering Transactions

1. Preferential Allotment (Approved by Board on August 21, 2026):

  • Total preferential shares: 1,94,74,333 equity shares (86.65% of emerging capital)
  • Breakdown:
  • 1,40,56,300 shares to acquirers in exchange for SVR Electro shares:
  • Acquirer 1 (Radha Krishna Avudari): 1,03,24,110 shares
  • Acquirer 2 (Sudha Rani Avudari): 30,05,140 shares
  • Acquirer 3 (Nagabhyru Srikanth): 7,27,050 shares
  • 4,84,700 shares to public category investor in exchange for SVR shares
  • 49,33,333 shares to public category investors for cash at ₹15/share (₹5 premium)
  • Subject to shareholder approval at AGM scheduled for September 21, 2026

2. Share Purchase Agreement (Dated August 21, 2026):

  • Acquirer 1 acquired 12,16,068 shares from Guruomega Private Limited
  • Purchase price: ₹13.60 per share
  • Percentage: 40.54% of current paid-up capital (5.41% of emerging capital)
  • Total consideration: ₹165.39 lakh

Acquirer Details

Acquirer 1 - Mr. Radha Krishna Avudari:

  • Current holding: 4,20,129 shares (1.87% of emerging capital)
  • Post-transaction holding: 1,19,60,307 shares (53.22%)

Acquirer 2 - Mrs. Sudha Rani Avudari:

  • Current holding: 0 shares
  • Post-transaction holding: 30,05,140 shares (13.37%)

Acquirer 3 - Mr. Nagabhyru Srikanth:

  • Current holding: 0 shares
  • Post-transaction holding: 7,27,050 shares (3.24%)

Combined Post-Transaction Holding: 1,56,92,497 shares (69.82% of emerging capital)

Selling Shareholder

  • Guruomega Private Limited (part of promoter group)
  • Pre-transaction holding: 12,16,068 shares (5.41% of emerging capital)
  • Post-transaction holding: Nil

Target Company Information

  • Listing: BSE Limited

Additional Terms & Conditions

  • The Detailed Public Statement (DPS) will be published by August 31, 2026 (within 5 working days)
  • Acquirers confirm adequate financial resources to meet open offer obligations
  • Offer is not conditional upon minimum acceptance level (per Regulation 19(1))
  • This is not a competing offer
  • Manager to the Offer: Turnaround Corporate Advisors Private Limited (SEBI Registration No.: MB/INM000012290)