Swaraj Shares and Securities Pvt Ltd ("Manager to the Offer") has submitted to BSE a copy of Recommendations of the Committee of Independent Directors of SER Industries Ltd ("Target Company") ....
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Swaraj Shares and Securities Pvt Ltd, acting as Manager to the Offer, has filed with BSE the recommendations of the Independent Directors Committee of SER Industries Ltd (Target Company) on an open offer made by Mr. Sunil Kumar Shah (Acquirer). The open offer is for up to 2,57,294 shares representing 26.00% of the voting share capital of SER Industries Ltd, at an offer price of Rs. 0.80 per share, aggregating to a maximum consideration of Rs. 2,05,835.20. The open offer has been triggered under SEBI (SAST) Regulations pursuant to a Share Purchase Agreement dated May 22, 2025, under which the Acquirer agreed to buy 5,21,526 shares (5.30% of voting capital) from nine existing selling promoter shareholders (members of the Goel family) at Rs. 0.80 per share, totalling Rs. 41,72,208.00. The Independent Directors' recommendations were published on August 18, 2025 in Financial Express, Jansatta, Mumbai Lakshadeep, and Prajavani newspapers.
Public shareholders of SER Industries Ltd can tender their shares in the open offer at Rs. 0.80 per share until the offer closes. The very low offer price (Rs. 0.80) and small total size suggest this is a small-cap, low-floating-stock company where the takeover is largely a change in promoter control rather than a value-accretive event for retail investors.