Mark Corporate Advisors Pvt Ltd ("Manager to the Offer") has submitted to BSE a copy of Offer Opening Public Announcement under Regulation 18(7) of Securities and Exchange Board of India ....
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Mr. Amay Vatsalya ('Acquirer') has launched an Open Offer to acquire up to 29,49,500 fully paid-up equity shares (26.00% of voting capital) of CMX Holdings Limited at ₹9.70 per share, payable in cash. The offer, made under SEBI (SAST) Regulations, aims to give the Acquirer a majority stake and management control, though there is no intention to delist the shares. The Independent Directors Committee has reviewed the offer and recommended it as fair and reasonable to public shareholders. The tendering period runs from September 30, 2025 to October 14, 2025 (revised from the original schedule). The target company is currently not engaged in active business operations but earns some income from consultancy and tax refund interest.
Public shareholders of CMX Holdings can tender their shares at ₹9.70 between September 30 and October 14, 2025 through the BSE acquisition window. The offer signals a change in control to the Acquirer, but since there is no delisting intent, shareholders who don't tender can remain invested, though public shareholding will fall below mandatory 25% and the Acquirer will need to restore compliance.