Open Offer for Aar Shyam India Investment Company Limited
Open Offer Details
- Acquirers: Mr. Radha Krishna Avudari (Acquirer 1), Mrs. Sudha Rani Avudari (Acquirer 2), and Mr. Nagabhyru Srikanth (Acquirer 3)
- Target Company: Aar Shyam India Investment Company Limited (CIN: L47219DL1983PLC015266)
- Offer Size: 58,43,327 fully paid-up Equity Shares of face value of ₹10 each
- Percentage: 26% of the Emerging Paid Up Equity Share Capital
- Offer Price: ₹15 per Equity Share
- Identified Date: October 5, 2026 (for determining eligible shareholders)
Regulatory Timeline and Approvals
- Public Announcement Date: August 21, 2026
- Detailed Public Statement Date: August 29, 2026 (published August 30, 2026)
- Draft Letter of Offer Submission to SEBI: September 7, 2026
- SEBI Observation Letter: HO/49/12/11(95)2026-CFD-RAC-DCR3 dated September 30, 2026
- Letter of Offer Date: October 12, 2026
- Committee of Independent Directors Recommendation: Approved October 14, 2026, published October 15, 2026
- Offer Opening Date: October 19, 2026
- Offer Closing Date: November 2, 2026
- Settlement Completion Date: November 17, 2026
Key Changes Incorporated from SEBI Observations
1. Revised schedule of activities with updated dates
2. Removal of certain disclaimer language regarding responsibility
3. Addition of disclosure about Target Company's proposed name change to Avudari Engineering Limited (approved at AGM September 21, 2026, MCA filing in process)
4. Addition of note regarding revised objects of Target Company (approved at AGM September 21, 2026, MCA filing in process)
5. Confirmation that no Equity Shares held by Existing Promoters are pledged or encumbered
6. Addition of disclosure regarding prorated acceptance if oversubscribed
7. Updated corporate office address of Target Company to Office No. 403, 4th Floor, City Centre Mall, Plot No. 5, Sector-12, Dwarka, New Delhi - 110078
8. Change in designation of Ms. Perla Pavani from Director to Managing Director
9. Addition of compliance history table showing delayed but completed filings under Regulation 29(1) and 29(2) of SEBI (SAST) Regulations for FY 2022-2023
Offer Mechanics
- Designated Stock Exchange: BSE Limited
- Settlement Mechanism: Stock Exchange Mechanism through separate acquisition window
- Securities Transaction Tax: Applicable
- Registrar to the Offer: MUFG Intime India Private Limited (formerly Link Intime India Private Limited)
- Special Depository Account: Opened for offer purposes
Additional Corporate Information
Target Company has established new corporate office at Office No. 403, 4th Floor, City Centre Mall, Plot No. 5, Sector-12, Dwarka, New Delhi - 110078. Telephone: 011-45626909, Website: https://www.aarshyam.in/, Email: info@aarshyam.in
Tata Technologies Limited Financial Results
Q2 FY26 Financial Performance (Consolidated)
- Revenue from Operations: ₹1,698.80 crore (Q2 FY25: ₹1,323.33 crore)
- Profit Before Tax: ₹241.72 crore (Q2 FY25: ₹225.87 crore)
- Profit After Tax: ₹171.44 crore (Q2 FY25: ₹165.50 crore)
- Total Comprehensive Income: ₹200.13 crore (Q2 FY25: ₹218.22 crore)
- Equity Share Capital: ₹81.21 crore (face value of ₹2 each)
- Basic EPS: ₹4.22 (Q2 FY25: ₹4.08)
- Diluted EPS: ₹4.22 (Q2 FY25: ₹4.08)
H1 FY26 Financial Performance (Consolidated)
- Revenue from Operations: ₹3,363.43 crore
- Profit Before Tax: ₹493.42 crore
- Profit After Tax: ₹352.19 crore
- Total Comprehensive Income: ₹378.91 crore
- Basic EPS: ₹8.67
- Diluted EPS: ₹8.67
Standalone Results (Extract)
- Q2 FY26 Profit Before Tax: ₹191.61 crore (Q2 FY25: ₹178.44 crore)
- Q2 FY26 Net Profit: ₹145.76 crore (Q2 FY25: ₹133.30 crore)
- Q2 FY26 Total Comprehensive Income: ₹147.04 crore (Q2 FY25: ₹132.44 crore)
- H1 FY26 Profit Before Tax: ₹486.20 crore
- H1 FY26 Net Profit: ₹394.82 crore
- H1 FY26 Total Comprehensive Income: ₹398.45 crore
Governance and Compliance
- Results reviewed by Audit Committee on October 13, 2026
- Approved by Board of Directors on October 14, 2026
- Statutory Auditors conducted limited review and issued unmodified conclusion
- Full results available on company website (www.tatatechnologies.com/in) and stock exchanges
IDBI Bank Limited Tender Notice
Tender Details
- Service Required: Back Office Support Services for Offices/Centers/Branches
- Bid Submission Deadline: November 5, 2026 by 3:00 PM
- Submission Address: The GM, IDBI Bank Ltd, IDBI Tower, WTC Complex, Cuffe Parade, Mumbai - 400005
- RFP Availability: IDBI Bank's website www.idbi.bank.in (Quick Links → Tenders)
- Envelope Superscription: "Request for Selection of OSV for providing Back Office Support Services"
Lakshmi Electrical Control Systems Limited Share Transfer Notice
Special Window Details
- Window Period: February 5, 2026 to February 4, 2027 (1 year)
- Applicability: Transfer deeds executed prior to April 1, 2019 that were not submitted or were rejected/returned due to deficiencies
- Processing: Shares will be processed only in dematerialized form during this window
- Contact: MUFG Intime India Private Limited, Coimbatore (T: +91 422 2314792, 2539835/836, 4958995; E-mail: investor.helpdesk@in.mpms.mufq.com)
Eligibility Matrix
| Scenario | Original Share Certificate Available | Eligible in Current Window |
| Fresh lodgement (not submitted before) | Yes | Yes (subject to conditions) |
| Previously rejected/returned | Yes | Yes |
| Previously submitted | No | No |
| Fresh lodgement | No | No |
Additional Information
- Shares re-lodged during special window will be credited only in demat mode and under lock-in
- Newspaper advertisements published on February 13, 2026, April 16, 2026, June 16, 2026, and August 14, 2026
- Based on SEBI Circular No. HO/38/13/11(2)2026-MIRSD-POD/I/3750/2026 dated January 30, 2026