Disclosure in terms of Regulation 30(7) and other applicable provisions of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended
Awaiting price reaction for this filing.
Shamrock Industrial Company has disclosed that three acquirers — Harish Bagepalli Vijayakumar, Rattan Kapoor, and Lotus Excel Wealth Creators LLP — have completed the acquisition of 16,36,899 equity shares (30.15% of paid-up capital) from the existing promoters under a Share Purchase Agreement signed on May 29, 2025. The acquisition was carried out under SEBI Takeover Regulations, with Saffron Advisors as the Manager to the Offer. The open offer process is still underway and is pending SEBI's observation letter on the draft letter of offer and other regulatory clearances.
This is a significant change of control event where the existing promoters have sold a 30.15% stake to new acquirers, which will reshape the company's ownership structure. Shareholders should watch for the open offer price and timeline once SEBI clearance comes through, as it presents an exit opportunity at a regulated price.