Simandhar Impex Open Offer Receives Zero Share Acceptance

Farmico International's open offer for 25.36% of Simandhar Impex at ₹30/share closed with zero shares tendered by public shareholders.
Acquirer Farmico International successfully acquired 74.64% stake via a Share Purchase Agreement, making it the new promoter.
The open offer was managed by Navigant Corporate Advisors and ran from April 20 to May 4, 2026, as per SEBI SAST Regulations.
Post-offer, public shareholding remains at 25.36%, and the existing promoter group will be reclassified as public shareholders.