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Simandhar Impex Limited
10 articles
A significant shift in ownership is underway at Simandhar Impex Limited, as Farmico International has completed the acquisition of a 74.64% stake in the company, effectively gaining control and establishing a new promoter group alongside Chandraprakash Wadhwani. Despite launching an open offer to acquire an additional 25.36% stake, Farmico International received no share tenders from public shareholders, leaving the public float unchanged. Concurrent with this acquisition, Simandhar Impex has appointed two additional executive directors with extensive financial and risk management experience, signaling a potential restructuring under the new ownership. The changes suggest a strategic realignment for Simandhar Impex, and investors should monitor how Farmico International leverages its controlling interest to drive future growth and profitability.
Simandhar Impex Appoints Ankita Hande Company Secretary
Simandhar Impex appointed Ms. Ankita Wamanrao Hande as Company Secretary, Compliance Officer, and Key Managerial Personnel effective June 30, 2026.
The appointment was approved by the Board of Directo
Simandhar Impex Appoints Deepti Joshi as Secretarial Auditor
Simandhar Impex appointed M/s. Deepti Joshi & Associates as its Secretarial Auditor for FY 2026-27 via a board resolution.
The appointment was made on 30th June 2026 for the specific term of the finan
Simandhar Impex MD Prashant Vora Resigns
Simandhar Impex Limited discloses resignation of Managing Director Prashant Vora effective June 30, 2026.
Resignation follows change in control pursuant to Share Purchase Agreement dated January 14, 2
Simandhar Impex Company Secretary Resigns Post Acquisition
Simandhar Impex Limited's Company Secretary and Key Managerial Personnel, Ms. Saloni Abhishek Shah, resigned effective June 30, 2026.
Her resignation is directly linked to a change in control and mana
Simandhar Impex Chairperson Harsh Vora Resigns Post-Acquisition
Simandhar Impex discloses resignation of Chairperson Harsh Vora effective June 30, 2026, following change in control from January 2026 share purchase agreement.
Board approved resignation and immediat
Simandhar Impex CFO Gaurav Baid Resigns Post-Acquisition
• Mr. Gaurav Baid resigned as CFO and Key Managerial Personnel of Simandhar Impex Ltd effective June 30, 2026.
• The resignation was triggered by a change in control from a Share Purchase Agreement da
Simandhar Impex Board Overhaul Post-Acquisition
Simandhar Impex Limited's entire board and key management resigned effective June 30, 2026, following a change in control from a January 2026 share purchase agreement.
The company appointed a new Chai
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
Farmico International Open Offer for 25.36% Simandhar Impex
Farmico International launches open offer to acquire 7,75,310 equity shares (25.36%) of Simandhar Impex at ₹30 per share.
Independent Directors Committee confirms offer price of ₹30 per share as justi
Simandhar Impex Independent Directors Recommend Open Offer
Committee of Independent Directors recommends shareholders accept open offer from Farmico International at ₹30 per share.
Offer price deemed fair and reasonable based on book value, negative profitabi