Transaction Triggering Open Offer
Uday Narang (Acquirer) entered into a Share Purchase Agreement dated August 05, 2026 with Dinesh Pareekh (Promoter Seller) to acquire 5,42,925 equity shares of Pasupati Fincap Limited, representing 11.55% of the voting share capital, at a negotiated price of ₹12 per share. The total consideration for this transaction is ₹65,15,100 (Rupees Sixty Five Lakh Fifteen Thousand One Hundred Only). This acquisition triggers the mandatory open offer obligation under SEBI (SAST) Regulations.
Open Offer Details
The open offer is for acquisition of up to 12,22,000 equity shares, representing 26.00% of the voting share capital of Pasupati Fincap Limited.
Offer Price: ₹12 (Rupees Twelve Only) per fully paid-up equity share
Total Consideration: ₹1,46,64,000 (Rupees One Crore Forty Six Lakh Sixty Four Thousand Only) assuming full acceptance
Mode of Payment: Cash
Type of Offer: Triggered mandatory open offer
The equity shares are frequently traded and the offer price has been determined in accordance with Regulations 8(1) and 8(2) of SEBI (SAST) Regulations.
Shareholding Impact
Pre-Transaction Shareholding of Acquirer: Nil (0%)
Post-Transaction Shareholding (after underlying acquisition and full open offer acceptance): 17,64,925 shares (37.55% of voting share capital)
Promoter Seller Details: Dinesh Pareekh held 5,42,925 shares (11.55%) pre-transaction which will reduce to Nil (0%) post-transaction.
Target Company Information
Pasupati Fincap Limited (CIN: L22207DL1996PLC461661)
Corporate Office: 3rd Floor 56/33, Site IV Industrial Area, I.E. Sahibabad, Ghaziabad, Uttar Pradesh-201010
Listed on: BSE Limited
Conditions and Timeline
The completion of the offer and underlying transaction is subject to satisfaction of conditions precedent as set out in the Share Purchase Agreement.
A Detailed Public Statement will be published in newspapers on or before August 12, 2026 (within 5 working days of this announcement).
The offer is not conditional upon any minimum level of acceptance in accordance with Regulation 19(1) of SEBI (SAST) Regulations.
Manager to the Offer
Fintellectual Corporate Advisors Private Limited (SEBI Registration Number: INM000012944) is acting as the Manager to the Offer.
Financial Arrangements
The Acquirer has given an undertaking that they have adequate financial resources to meet the obligations under the SEBI (SAST) Regulations for this offer.