Key Quantitative Figures

  • Offer Size: 58,43,327 equity shares (26.00% of emerging paid-up equity share capital)
  • Offer Price: ₹15.00 per equity share
  • Total Maximum Consideration: ₹8,76,49,905 (assuming full acceptance)
  • Existing Paid-up Capital: 30,00,000 equity shares of ₹10 each (as of August 21, 2026)
  • Emerging Paid-up Capital: 2,24,74,333 equity shares post preferential allotment
  • Escrow Amount: ₹2,20,00,000 deposited with Axis Bank Limited (more than 25% of maximum consideration)

Transaction Details

Share Purchase Agreement (SPA)

  • Date: August 21, 2026
  • Parties: Radha Krishna Avudari (Acquirer 1) and Guruomega Private Limited (Seller)
  • Shares Acquired: 12,16,068 equity shares (40.54% of existing paid-up capital, 5.41% of emerging capital)
  • Purchase Price: ₹13.60 per share
  • Total SPA Consideration: ₹3,00,00,000 (for 30,00,000 shares)
  • Control Transfer: Acquirer gains control with right to reconstitute Board of Directors

Preferential Allotment

  • Board Approval Date: August 21, 2026 (subject to shareholder and regulatory approvals)
  • Total Shares: 1,94,74,333 equity shares
  • To Acquirers: 1,40,56,300 shares (in kind against acquisition of SVR Electro Projects shares)
  • Acquirer 1: 1,03,24,110 shares
  • Acquirer 2: 30,05,140 shares
  • Acquirer 3: 7,27,050 shares
  • To Public Investor: 4,84,700 shares (in kind against SVR shares acquisition)
  • To Public Investors for Cash: 49,33,333 shares at ₹15 per share (₹5 premium)

Acquirer Information

Radha Krishna Avudari (Acquirer 1)

  • Age: 46 years
  • Qualifications: Chartered Accountant
  • Experience: 20+ years in electrical infrastructure and facility management
  • Net Worth: ₹3,636.01 lakhs (as of August 20, 2026)
  • Current Holding: 4,20,129 shares (1.87% of emerging capital)

Mrs. Sudha Rani Avudari (Acquirer 2)

  • Age: 40 years
  • Qualifications: BBA graduate
  • Experience: 10+ years in real estate and construction management
  • Net Worth: ₹936.39 lakhs (as of August 20, 2026)
  • Current Holding: Nil

Mr. Nagabhyru Srikanth (Acquirer 3)

  • Age: 36 years
  • Experience: 15+ years in construction field, specializing in railway infrastructure
  • Net Worth: ₹163.29 lakhs (as of August 20, 2026)
  • Current Holding: Nil

Target Company Financials (Audited)

| Particulars | March 31, 2026 | March 31, 2025 | March 31, 2024 |

| Total Revenue (₹ lakh) | 9.63 | 28.23 | 27.71 |

| Net Income/PAT (₹ lakh) | (83.36) | (2.20) | (38.50) |

| EPS (₹) | (2.78) | (0.07) | (1.28) |

| Net Worth/Shareholders Funds (₹ lakh) | 272.17 | 355.53 | 372.81 |

| Return on Net Worth (%) | (30.63) | - | - |

| Book Value per Share (₹) | 9.07 | - | - |

Offer Structure

  • Offer Type: Mandatory open offer under Regulations 3(1) and 4 of SEBI (SAST) Regulations
  • Conditionality: Not conditional upon minimum acceptance
  • Payment Mode: Cash only
  • Tendering Period: October 16, 2026 to October 30, 2026 (10 working days)
  • Settlement: Within 10 working days from closure of tendering period

Post-Offer Shareholding

  • Acquirers' Post-Offer Holding: 2,15,35,824 shares (95.82% of paid-up capital)
  • Public Shareholding: Will fall below 25% minimum requirement
  • Undertaking: Acquirers commit to maintain minimum public shareholding as per SEBI regulations

Business Changes Planned

  • Current Business: Manufacturer and dealer of food stuffs, extruded foods, cereals, textured soya protein food
  • Proposed Business: Renewable Energy Projects, Facility Management, EPC Contracting, e-Commerce
  • Changes: Discontinue existing business, change company name and objects clause

Timeline of Activities

  • Public Announcement Date: August 21, 2026
  • Detailed Public Statement Date: August 29, 2026
  • Identified Date: October 1, 2026
  • Letter of Offer Dispatch: By October 9, 2026
  • Tendering Period: October 16-30, 2026
  • Payment Completion: By November 16, 2026
  • Final Report Submission: By November 23, 2026

Additional Information

  • Shares Not Frequently Traded: Trading volume only 825 shares in 12 months prior to PA
  • Fair Value Certification: ₹12.27 per share by Anil Rustgi, Registered Valuer (IBBI/RV/05/2019/12313)
  • No Statutory Approvals Required: As of DPS date, no approvals needed for the offer
  • Physical Share Tendering: Allowed despite SEBI dematerialization requirements