Intimation in terms of Regulation 30 read with Part A Schedule III of SEBI LODR Regulations 2015 with respect to Shareholders Agreement entered for change in control of company.
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Addi Industries has informed the stock exchanges that a Share Purchase Agreement (SPA) was signed on 20 May 2025 between the existing promoters (Abhishek Bansal, Anju Bhasker, Chaman Lal Jain, Hari Bansal, Urmila Jain, and Ultimate Investments LLP) and a new set of acquirers (Rajat Goyal, Neha Aggarwal, Rajat Goyal HUF, Sandeep Mittal, Ruchi Mittal, and Sandeep Mittal & Sons HUF). Under this deal, the acquirers will buy up to 80,18,175 equity shares (74.27% of paid-up share capital) at Rs. 74.40 per share in one or more tranches. This will result in a complete change of management and control — the existing promoters will be declassified, and the Board composition and Key Managerial Personnel will be altered. The transaction is subject to conditions including regulatory approvals and the completion of a mandatory open offer under SEBI Takeover Regulations, 2011.
This is a significant control change event for shareholders. An open offer at Rs. 74.40 per share will be triggered for public shareholders, providing an exit opportunity. The stock may see volatility as the new management takes over and existing promoters exit.