Mark Corporate Advisors Pvt Ltd ("Manager to the Offer") has submitted to BSE a copy of Draft Letter of Offer to the eligible Equity Shareholde of AAA Technologies Ltd ("Target Company").
AAATECH · price
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AAA Technologies Ltd has received a Draft Letter of Offer for a mandatory Open Offer under SEBI Takeover Regulations. The offer has been triggered by Jyotirgamya Advisory Pvt Ltd and Mr. Ashok Kumar Chordia acquiring 44,10,000 shares (34.38% of voting capital) from existing promoter sellers — Venugopal M Dhoot, Shobha Dhoot, Anirudh Dhoot, and Vineet Dhoot — at ₹74.06 per share (total ~₹32.66 crore) via a Share Purchase Agreement dated December 29, 2025. As a result, the Acquirers are now making an Open Offer to buy up to 33,34,968 additional shares (26% of voting capital) from public shareholders at ₹101 per share in cash, amounting to a total offer size of ~₹33.68 crore. The Offer opens on February 20, 2026 and closes on March 6, 2026. The Acquirers have stated they do not intend to delist the stock, and there will be a change in board composition upon completion.
Public shareholders of AAA Technologies can tender their shares at ₹101 per share during the February 20 – March 6, 2026 window. This is a change-of-control event with the existing Dhoot-family promoter group exiting completely and the Acquirers becoming the new promoters, which could bring shifts in board composition and strategic direction. The ₹101 offer price may act as a near-term reference floor for the stock price.