Transaction Details

The open offer is being made pursuant to Regulations 3(1) and 4 of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 (SEBI SAST Regulations, 2011).

Key Quantitative Figures

  • Offer Size: 14,09,699 equity shares
  • Percentage of Voting Share Capital: 25.69%
  • Face Value per Share: ₹10
  • Offer Price per Share: ₹47.00
  • Total Maximum Consideration: ₹6,62,55,853.00 (payable in cash)
  • Voting Share Capital (fully diluted basis): 54,86,400 equity shares

Triggering Transaction

The open offer obligation was triggered by a Share Purchase Agreement (SPA) dated October 29, 2026 between the Acquirer and the Promoter/Promoter Group Sellers:

  • SPA Shares: 40,76,701 equity shares
  • Percentage Acquired: 74.31% of Voting Share Capital
  • SPA Consideration: ₹19,16,04,947.00 (payable in cash)
  • SPA Price per Share: ₹47.00

Acquirer Details

  • Name: SBA Infra Projects Private Limited (Formerly known as S.B.A Realtors & Developers Private Limited)
  • PAN: ABECS6146L
  • Address: 101, 1st Floor, Federal Manzil, Plot No. 110/118, Maulana Azad Road, Kazipura, Mumbai Central, Mumbai-400 008, Maharashtra, India
  • Pre-Transaction Shareholding: Nil
  • Post-SPA Shareholding: 40,76,701 shares (74.31%)
  • Persons in Control: Chips & Bytes (India) Private Limited, Nexsa A Realtors & Developers Limited, Gauri Bhupesh Agarwal

Selling Shareholders Details

The following Promoter/Promoter Group entities are selling their entire holdings:

1. Kumud Ashok Mehta (3,65,645 shares, 6.66%)

2. Ashok Maganlal Mehta (3,28,044 shares, 5.98%)

3. Yash Ashok Mehta (2,75,166 shares, 5.02%)

4. Ashok Maganlal Mehta HUF (2,62,189 shares, 4.78%)

5. Saurabh Bharatbhai Mehta HUF (1,47,393 shares, 2.69%)

6. Namrata Saurabh Mehta (1,46,236 shares, 2.67%)

7. Digha Steel Industries Private Limited (12,88,724 shares, 23.49%)

8. Dhan Financial Services Private Limited (12,63,304 shares, 23.03%)

Target Company Details

  • Name: Rishabh Digha Steel & Allied Products Limited
  • Stock Exchange: BSE Limited, Mumbai (Symbol: RISHDIGA, Scrip Code: 531539)

Additional Information

  • Mode of Payment: Cash
  • Offer Type: Mandatory offer triggered by acquisition under Regulations 3(1) and 4 of SEBI SAST Regulations, 2011
  • Conditionality: The offer is not conditional upon any minimum level of acceptance (Regulation 19(1))
  • Detailed Public Statement: To be published in newspapers on or before November 05, 2026
  • Financial Arrangements: Acquirer confirms adequate financial resources and firm financial arrangements made for payment obligations
  • Manager to the Offer: Mark Corporate Advisors Private Limited (SEBI Registration No.: INM000012128)