Mark Corporate Adviors Pvt Ltd has submitted the Exchange a copy of DETAILED PUBLIC STATEMENT UNDER REGULATIONS 13(4), 14(3) AND 15(2) OF THE SECURITIES AND EXCHANGE BOARD OF INDIA (SUBSTANTIAL ACQUISITION OF SHARES AND TAKEOVERS) REGULATIONS, 2011, AS AMENDED, FOR THE ATTENTION OF THE PUBLIC SHAREHOLDERS OF the company.
AAATECH · price
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AAA Technologies Limited is undergoing a change of control. Acquirers Jyotirgamya Advisory Private Limited and Mr. Ashok Kumar Chordia have signed a Share Purchase Agreement (SPA) on December 29, 2025 with four existing promoters (Venugopal, Shobha, Anirudh, and Vineet Dhoot) to buy 44,10,000 shares (34.38% of voting capital) at Rs 74.06 per share, totalling Rs 32.66 crore. Alongside, they are making a mandatory open offer to public shareholders for an additional 33,34,968 shares (26% of voting capital) at Rs 101 per share, totalling about Rs 33.68 crore in cash. Post-offer, the acquirers will hold 60.41% of the company. The target company is an IT security and cyber security firm with FY25 revenue of Rs 27.03 crore and profit of Rs 3.51 crore. The acquirers have stated no intention to delist the stock and may consider restructuring operations in the future.
This is a clear change-of-control event. Existing promoters (the Dhoot family) are completely exiting the company. Public shareholders can tender shares at Rs 101, which is above the 60-day VWAP of Rs 100.93, but well below the recent 52-week high traded price. The open offer opens February 20, 2026 and closes March 6, 2026. Stock may see price movement around the open offer window; minority shareholders should evaluate whether to tender or hold based on their view of the new management's plans.