Offer Details

  • Offer Size: 25,62,872 fully paid-up equity shares of face value ₹10 each
  • Percentage of Voting Share Capital: 26%
  • Offer Price: ₹30 per equity share
  • Total Consideration: ₹7,68,86,160 (assuming full acceptance)
  • Mode of Payment: Cash
  • Offer Type: Triggered offer under Regulations 3(1) and 4 of SEBI (SAST) Regulations, 2011

Underlying Transaction

  • Transaction Type: Direct acquisition via Share Purchase Agreement dated June 11, 2026
  • Shares Acquired: 69,59,800 equity shares
  • Percentage Acquired: 70.61% of voting share capital
  • Acquisition Price: ₹30 per share
  • Total Acquisition Cost: ₹20,87,94,000
  • Payment Mode: Cash
  • Regulatory Trigger: Regulations 3(1) and 4 of SEBI (SAST) Regulations

Acquirer Details

  • Name: Aspect Global Ventures Private Limited
  • Promoters: Harmony Trust (Trustee - Sukumar Anand Shetty and Mohit Bharatiya), Dream Trust (Trustee – Aksha Mohit Kamboj and Mohit Bharatiya), Mahadev Private Trust (Trustee – Vaishali Sharad Lad), Sukumar Anand Shetty
  • Group: Aspect Global
  • Pre-transaction Holding: Nil
  • Post-transaction Holding: 70.61% (excluding open offer shares)
  • Other Interests: None in Target Company except proposed acquisition

Selling Shareholders Details

| Seller | Pre-Transaction Shares | % Holding | Promoter Status |

| George Albert Donald Duke | 50,52,200 | 51.25% | Yes |

| Avik George Duke | 5,63,270 | 5.71% | Yes |

| Komal Duke | 13,44,330 | 13.64% | Yes |

Note: George Albert Donald Duke's holding includes 49,90,100 shares held individually and 62,100 shares held jointly with Avik George Duke. Komal Duke's holding includes 9,72,900 shares held individually and 3,71,430 shares held jointly with Avik George Duke.

Target Company Details

  • Name: Duke Offshore Limited
  • Contact: Tel: 91-22-24221225/24389720/24365789; Email: info@dukeoffshore.com; Website: www.dukeoffshore.com
  • Listing: BSE Limited (Scrip Code: 531471, Scrip ID: DUKEOFS)
  • Marketable Lot: 1 share

Additional Information

  • Manager to Offer: Saffron Capital Advisors Private Limited (SEBI Registration: INM000011211)
  • Public Statement Date: To be published on or before June 18, 2026
  • Delisting Intention: No intention to delist
  • Offer Condition: Not conditional upon minimum acceptance (Regulation 19(1))
  • Financial Arrangements: Firm financial arrangements made per Regulation 25(1)
  • Public Shareholding Compliance: Acquirer undertakes to maintain minimum public shareholding requirements post-acquisition
  • Promoter Status Change: Sellers will be declassified from promoter category per Regulation 31A of SEBI (LODR) Regulations, 2015

Key Dates

  • Public Announcement Date: June 11, 2026
  • Detailed Public Statement: On or before June 18, 2026
  • Tendering Period: 10 working days (to be disclosed in Letter of Offer)

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