Offer Details

  • Offer Type: Mandatory Open Offer triggered under Regulations 3(1) and 4 of SEBI (SAST) Regulations, 2011
  • Acquirer: Mr. Sesha Sai Nikhil Chintalapati
  • Target Company: Neelkanth Rockminerals Limited
  • Offer Size: Up to 13,11,362 equity shares representing 26.00% of Voting Share Capital
  • Offer Price: ₹19.40 per equity share
  • Total Maximum Consideration: ₹2,54,40,422.80
  • Mode of Payment: Cash
  • Manager to Offer: Mark Corporate Advisors Private Limited (SEBI Registration No.: INM000012128)

Underlying Transaction

  • Transaction Type: Share Purchase Agreement dated June 06, 2026
  • Acquisition Details: Acquisition of 31,29,951 equity shares (62.06% of Voting Share Capital) from seven promoter sellers
  • SPA Consideration: ₹6,07,21,049.40
  • Price per Share: ₹19.40 (same as open offer price)
  • Triggering Regulation: Regulations 3(1) and 4 of SEBI (SAST) Regulations, 2011

Acquirer Details

  • Name: Mr. Sesha Sai Nikhil Chintalapati
  • Address: 8-3-833/279, Kamalapuri Colony, Khairatabad, Hyderabad-500073, Telangana, India
  • Pre-Transaction Holding: Nil shares (0%)
  • Post-SPA Holding: 31,29,951 shares (62.06%)
  • Group Affiliation: Not Applicable
  • Other Interests in Target Company: Nil

Selling Shareholders (Promoter Sellers)

1. Mr. Anil Sayarchand Kawar (PAN: AADPK9731D) - Selling 4,09,970 shares (8.13%)

2. Mr. Gautam Chand Kawar (PAN: ABKPK2659Q) - Selling 3,98,140 shares (7.89%)

3. Mr. Noratmal Kawar (PAN: ABKPK2655C) - Selling 4,09,970 shares (8.13%)

4. Mr. Sajjanraj Kawar (PAN: AADPK9316J) - Selling 4,09,970 shares (8.13%)

5. Mr. Shantilal Mohanlal Kanwar (PAN: ABKPK2658R) - Selling 6,93,791 shares (13.76%) [includes 6,600 physical shares]

6. Mr. Sohan Lal Kawar (PAN: ABHPK2281P) - Selling 3,98,140 shares (7.89%)

7. Mr. Sunil Kumar Kawar (PAN: ABKPK2653E) - Selling 4,09,970 shares (8.13%)

Total Shares Sold: 31,29,951 shares (62.06%)

Post-Transaction Holding: All promoter sellers will hold Nil shares

Target Company Details

  • Registered Address: Flat No. 606, Scheme Chopasani Jagir, Khasra No. 175/74, Plot No. 15/16, Jodhpur-342001, Rajasthan, India
  • Listing: BSE Limited (Scrip Code: 531049, Symbol: NEELKAN)
  • Equity Shares: Classified as "infrequently traded" per SEBI (SAST) Regulations

Additional Information

  • Detailed Public Statement: To be published on or before June 12, 2026 (within 5 working days)
  • Conditionality: Open offer is not conditional upon any minimum level of acceptance (Regulation 19(1))
  • Competing Offer: This is not a competing offer under Regulation 20
  • Indirect Acquisition: This is not an indirect acquisition
  • Financial Arrangements: Acquirer confirms adequate financial resources and firm arrangements for payment obligations
  • Data Source: All Target Company information obtained from publicly available sources
  • Currency: All amounts in Indian Rupees (₹)
  • Rounding: Any discrepancies in amounts are due to rounding off

Post-Transaction Changes

Upon completion of the transaction, the acquirer will become the promoter of Neelkanth Rockminerals Limited, and the current promoter sellers will be re-classified as public shareholders in accordance with SEBI (LODR) Regulations, 2015.

The acquirer does not have an intention to delist the equity shares of the Target Company pursuant to this open offer.

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