Navigant Corporate Advisors Ltd ("Manager to the Offer") has submitted to BSE a copy of Corrigendum to the Detailed Public Statement for the attention of the Shareholders of Banganga Paper ....
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A corrigendum has been issued to the Detailed Public Statement for the open offer to acquire up to 9,17,41,759 equity shares (26% of expanded equity) of Asgard Alcobev Limited (formerly Banganga Paper Industries Limited) at Rs. 1.45 per share. The acquirers are Ronak Jain, Sarita Jain, Priyanka Jain and K K Impex & Trading Private Limited, along with PACs Karan Jain, Karishma Rohit Jain and Radhika Karan Jain. The main change is a revised schedule of activities, pushing the offer opening from 6 February 2026 to 6 April 2026, and the closing date from 20 February 2026 to 20 April 2026. All other terms and conditions of the offer remain unchanged. The corrigendum was published in Business Standard (English and Hindi) and Pratahkal/Prahaar (Marathi) newspapers on 20 March 2026.
The delay in the open offer schedule means shareholders of Asgard Alcobev will have to wait longer to tender their shares. The offer price of Rs. 1.45 per share remains the same, so there is no change in valuation terms for shareholders.