Key Transaction Details

The open offer is triggered by the execution of a Share Purchase Agreement (SPA) dated October 28, 2026 between the Acquirers (Mrs. Kanika Chahal and Mr. Anuj Chahal) and the Promoter Sellers of Natura Hue-Chem Limited.

Underlying Transaction

  • Type: Direct acquisition via Share Purchase Agreement
  • Shares Acquired: 6,43,600 Equity Shares
  • Percentage of Voting Capital: 15.53%
  • Total Consideration: ₹1,54,46,400 (Rupees One Crore Fifty Four Lakhs Forty Six Thousand Four Hundred Only)
  • Price per Share: ₹24 (Rupees Twenty Four Only)
  • Mode of Payment: Cash
  • Regulatory Trigger: Regulation 4 of SEBI (SAST) Regulations

Open Offer Details

  • Offer Size: Up to 10,77,778 Equity Shares
  • Percentage of Voting Capital: 26.00%
  • Offer Price: ₹42 (Rupees Forty Two Only) per fully paid-up Equity Share
  • Total Consideration (if fully accepted): ₹4,52,66,676 (Rupees Four Crore Fifty Two Lakh Sixty Six Thousand Six Hundred Seventy Six Only)
  • Mode of Payment: Cash
  • Type of Offer: Triggered mandatory open offer

Acquirer Details

Mrs. Kanika Chahal (Acquirer 1)

  • Address: 2402 IIT Engineers Apartment, Plot No. 12, Sector-10 Dwarka, Dwarka Sec-6, Delhi-110075
  • PAN: ARNPK2795C
  • Pre-Transaction Holding: Nil
  • Post-Transaction Holding (after SPA): 5,63,600 shares (13.60%)

Mr. Anuj Chahal (Acquirer 2)

  • Address: 2402 IIT Engineers Apartment, Plot No. 12, Sector-10 Dwarka, Dwarka Sec-6, Delhi-110075
  • PAN: ARNPK2790H
  • Pre-Transaction Holding: 1,25,300 shares (3.02%)
  • Post-Transaction Holding (after SPA): 2,05,300 shares (4.95%)

Combined Acquirer Holdings

  • Pre-Transaction Total: 1,25,300 shares (3.02%)
  • Post-SPA Total: 7,68,900 shares (18.55%)
  • Post-Open Offer Potential: Up to 18,46,678 shares (44.55%)

The Acquirers will become the Promoters of the Target Company and shall have control over the Target Company. The existing Promoter and Promoter Group will be reclassified as public in accordance with Regulation 31A of SEBI (LODR) Regulations, 2015.

Selling Shareholders (Promoter Sellers)

The following existing promoters sold their shares to the Acquirers under the SPA:

  • Narendra Kachhawat: 72,600 shares (1.75% → 0%)
  • Mansoor Ahmed: 40,000 shares (0.96% → 0%)
  • Shalini Pokharna: 72,600 shares (1.75% → 0%)
  • Abha Parakh: 40,000 shares (0.96% → 0%)
  • Anurag Agrawal: 38,200 shares (0.92% → 0%)
  • Himmat Lal Sahu: 40,000 shares (0.96% → 0%)
  • Madhuri Agrawal: 38,800 shares (0.94% → 0%)
  • Raj Kumar Parakh: 40,100 shares (0.97% → 0%)
  • Rajesh Kumar: 65,300 shares (1.58% → 0%)
  • Umesh Kumar Sahu: 37,500 shares (0.90% → 0%)
  • Vinay Parmar: 41,000 shares (0.99% → 0%)
  • Yakub Ahmed Khan: 37,500 shares (0.90% → 0%)
  • New Era Alkaloids and Export Limited: 80,000 shares (1.93% → 0%)

Target Company Details

  • Stock Exchange: BSE Limited

Manager to the Offer

Fintellectual Corporate Advisors Private Limited (FCAPL)

  • Corporate Office: B-20, Second Floor, Sector-1, Noida, Uttar Pradesh-201301
  • SEBI Registration Number: INM000012944
  • Contact: Mr. Amit Puri

Regulatory Compliance and Timeline

  • This Public Announcement is made in compliance with Regulation 13(1) of SEBI (SAST) Regulations
  • A Detailed Public Statement will be published in newspapers on or before November 04, 2026 (within 5 working days)
  • The completion of the Offer and Underlying Transaction is subject to conditions precedent set out in the Share Purchase Agreement
  • The Offer is not conditional upon any minimum level of acceptance (Regulation 19(1))
  • The Offer is not a competing offer (Regulation 20)
  • The Acquirers have provided an undertaking of adequate financial resources to meet offer obligations

Financial Arrangements

The Offer Price will be paid in cash in accordance with Regulation 9(1)(a) of SEBI (SAST) Regulations.

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