Swaraj Shares and Securities Pvt Ltd ("Manager to the Offer") has submitted to BSE a copy of Pre-Offer Advertisement and Corrigendum to the Detailed Public Statement under Regulation 18(7) ....
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Mr. Sunil Kumar Shahi has launched an open offer to buy up to 2,57,294 shares, representing 26.00% of the voting share capital, from public shareholders of SER Industries Limited. The offer is triggered under SEBI (SAST) Regulations 3(1) and 4, following a Share Purchase Agreement dated May 22, 2025, under which the Acquirer has agreed to purchase 547,215 shares (55.30%) from nine selling promoter shareholders at Rs. 35 per share. The maximum total consideration payable to public shareholders under the open offer is Rs. 90,05,290 (~Rs. 90 lakh), assuming full acceptance. Swaraj Shares and Securities Pvt Ltd is acting as the Manager to the Offer, and the Pre-Offer Advertisement cum corrigendum was published on August 19, 2025 in Financial Express, Jansatta, Mumbai Lakshadeep, and Prajavani.
This signals a change of control at SER Industries — once the promoter stake sale completes, the Acquirer will hold 55.30% and is offering public shareholders an exit window at the SEBI-determined price. Short-term stock price may see volatility around the open offer window, and liquidity for remaining public shareholders will reduce significantly post-acquisition.