D & A Financial Services (P) Ltd ("Manager to the Offer") has submitted to BSE a copy of Corrigendum to the Detailed Public Statement for the attention of the Equity Shareholders of Addi ....
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D & A Financial Services, acting as Manager to the Offer, has filed a corrigendum to the Detailed Public Statement for the open offer on Addi Industries Ltd by Mr. Rajat Goyal, Mrs. Neha Agarwal, M/s Rajat Goyal HUF, Mr. Sandeep Mittal, Mrs. Ruchi Mittal, and M/s Sandeep Mittal & Sons HUF. The open offer schedule has been pushed back by roughly six weeks, with the Identified Date now set as August 11, 2025, the tendering period running from August 28 to September 11, 2025, and payment expected by September 25, 2025. The corrigendum also revises the target company's financial highlights for FY22–FY25, certified by statutory auditor M/s B R Gupta & Co. Key numbers show Total Income/Net Income rising from Rs 229.35 lakh (FY22) to Rs 742.64 lakh (FY24) before dipping to Rs 553.90 lakh (FY25), while Profit After Tax has steadily declined from Rs 3,739.47 lakh (FY22) to Rs 324.81 lakh (FY25), and EPS has fallen from Rs 34.64 to Rs 3.00 over the same period.
Shareholders now have until mid-September 2025 to decide on tendering shares in the open offer; investors should note that the corrected financials highlight a steep multi-year decline in profits and EPS at the target company, which may influence the attractiveness of the offer price.