Key Dates

  • Open Offer Opening Date: Thursday, September 17, 2026
  • Open Offer Closure Date: Wednesday, September 30, 2026
  • Payment of Consideration Date: Friday, October 09, 2026
  • Advertisement Publication Date: Tuesday, October 13, 2026

Offer Details

  • Target Company: ECS Biztech Limited (CIN: L30007GJ2010PLC063070)
  • Acquirers: Mr. Rakesh Ramanlal Shah (Acquirer-1) and Komal Infotech Private Limited (Acquirer-2)
  • Manager to the Offer: Beeline Capital Advisors Private Limited (SEBI Registration No.: INM000012917)
  • Registrar to the Offer: Purva Sharegistry (India) Private Limited (SEBI Registration No.: INR000001112)
  • Offer Price: ₹10.50 per equity share (face value ₹10 each)
  • Proposed Offer Size: 53,44,313 equity shares (26.00% of paid-up/voting share capital)
  • Proposed Offer Value: ₹5,61,15,286.50

Actual Acquisition Results

  • Aggregate shares tendered: 715 shares
  • Aggregate shares accepted: 715 shares
  • Actual acquisition value: ₹7,507.50

Shareholding Changes

Pre-Offer Shareholding

  • Acquirers' holding: Nil shares (0.00%)
  • Public holding: 71,08,111 equity shares (34.58%)

Share Purchase Agreement Acquisition (July 29, 2026)

  • Shares acquired: 1,34,46,936 equity shares
  • Percentage acquired: 65.42% of total paid-up/voting share capital
  • Acquirer-1 purchased 1,15,00,000 shares, Acquirer-2 purchased 19,46,936 shares

Post-Offer Shareholding

  • Acquirers' total holding: 1,34,47,651 equity shares (65.42%)
  • Public holding: 71,07,396 equity shares (34.58%)

Payment Mechanism

Payment of consideration to shareholders whose shares were accepted was made through Clearing Corporation of BSE via stock exchange mechanism.

Additional Information

  • The entire equity shares acquired under this open offer will be acquired by Acquirer-1 (Mr. Rakesh Ramanlal Shah)
  • The acquirers did not acquire any additional equity shares after the detailed public statement other than those acquired through the SPA dated July 29, 2026
  • This advertisement is available on SEBI website (www.sebi.gov.in), BSE Limited website (www.bseindia.com), and at the registered office of the Target Company