Swaraj Shares and Securities Pvt Ltd ("Manager to the Offer") has submitted to BSE a copy of Public Announcement under the provisions of Regulations 3(1) and 4 read with Regulations 13(1), ....
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Mr. Sunil Kumar Shahi (Acquirer) is making a mandatory open offer to buy up to 2,57,294 equity shares (26% of voting capital) of SER Industries Limited (BSE: 507984) from public shareholders at ₹35 per share, payable in cash. Total open offer consideration is about ₹90 lakh assuming full acceptance. The offer is triggered by a Share Purchase Agreement dated May 22, 2025, under which the Acquirer is buying 5,47,215 shares (55.30% of voting capital) from existing promoter shareholders — the Goel family and N.G. Cargocare Limited — at ₹35 per share, aggregating about ₹1.92 crore. After the deal and assuming full open offer acceptance, the Acquirer's stake will be 81.30%, and he will become the new promoter taking control of the company. Swaraj Shares and Securities Pvt Ltd is the Manager to the Offer. The shares are classified as infrequently traded, and there is no intention to delist.
Public shareholders of SER Industries now have the option to exit at ₹35 per share. This marks a complete change of control, with the existing Goel-family promoters exiting entirely. The stock may trade around the ₹35 offer price, though the company's small size and infrequent trading suggest limited liquidity.