Key Quantitative Figures

  • Offer Price: ₹54 per equity share
  • Offer Size: 654,966 equity shares (26% of voting share capital)
  • Total Offer Value: ₹3,53,68,164
  • Shares Tendered: 6 equity shares (dematerialized form only)
  • Shares Accepted: 6 equity shares
  • Actual Acquisition Value: ₹324
  • Pre-offer Acquirer Holding: 378,000 shares (15.01%)
  • Shares Triggering Regulations: 870,500 shares (34.56%)
  • Post-offer Acquirer Holding: 1,248,506 shares (49.57%)

Dates of Action

  • Public Announcement Date: June 18, 2026
  • Detailed Public Statement Date: June 24, 2026 (published June 25, 2026)
  • Draft Letter of Offer Date: July 03, 2026
  • Letter of Offer Date: July 29, 2026
  • Offer Opening Date: Thursday, August 07, 2026
  • Offer Closing Date: Wednesday, August 20, 2026
  • Payment Date: Wednesday, August 28, 2026
  • Post-Offer Advertisement Date: September 03, 2026 (published September 04, 2026)

Parties Involved

Acquirers:

  • Annjana Dugar (Acquirer 1) - acquired 40,000 shares (1.59%)
  • Likhitta Dugar (Acquirer 2) - acquired 11,000 shares (0.44%)
  • Antariksh Dugar (Acquirer 3) - acquired 11,000 shares (0.44%)

Person Acting in Concert:

  • Padam Dugar (PAC) - acquired 316,000 shares (12.54%)

Service Providers:

  • Manager to Open Offer: Saffron Capital Advisors Private Limited
  • Registrar to Open Offer: Bigshare Services Private Limited

Shareholding Impact

Pre-Offer Shareholding:

  • Acquirers & PAC: 378,000 shares (15.01%)
  • Public Shareholders: 1,244,441 shares (49.40%)

Post-Offer Shareholding:

  • Acquirers & PAC: 1,248,506 shares (49.57%) [includes 378,000 pre-offer shares + 870,500 shares from pending SPA]
  • Public Shareholders: 1,244,435 shares (49.43%)

Important Notes

1. The percentages are calculated based on the Voting Share Capital of the Target Company of 2,519,441 shares

2. The acquirers are yet to consummate the transactions contemplated under the Share Purchase Agreement dated June 18, 2026 for 870,500 shares (34.56%)

3. The pre-offer and post-offer shareholding of the Public includes 378,000 Equity Shares (representing 15.01%) held by the Acquirers and PAC, which are currently classified as public but will be reclassified as Promoter/Promoter Group after SPA consummation

4. Only 6 equity shares were tendered in dematerialized form during the open offer period

Publication Details

The Post-Offer Advertisement was published in the following newspapers on September 04, 2026:

  • Financial Express (English - All Editions)
  • Jansatta (Hindi - All Editions)
  • Pratahkal (Marathi - Mumbai Edition)

Additional Documents

The Post-Offer Advertisement is to be read in conjunction with:

  • Public Announcement dated June 18, 2026
  • Detailed Public Statement dated June 24, 2026
  • Draft Letter of Offer dated July 03, 2026
  • Letter of Offer dated July 29, 2026
  • Offer Opening Public Announcement and Corrigendum published on August 06, 2026

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