Disclosure under regulation 30 of SEBI LODR Regulations wrt to the Public Announcement
Awaiting price reaction for this filing.
N2N Technologies Ltd has informed the stock exchange about a Public Announcement dated October 27, 2025 for an Open Offer to acquire up to 12,91,228 equity shares (40% of voting share capital) from public shareholders at ₹4.30 per share, totaling up to ₹55.52 lakhs. The offer is triggered by an Acquisition of Control Agreement (ACA) signed on October 27, 2025 between Harmony Remedies India Private Limited (Acquirer), along with PACs Mr. Firoze Nariman Kapadia and Ms. Aditi Vipin Parikh, and the existing promoter/directors of N2N Technologies. Post-transaction, Harmony Remedies will become co-promoter and gain management and operational control of the company. The shares are currently suspended from trading on BSE, and the company has already filed a revocation application on October 24, 2025. A Detailed Public Statement is expected by November 3, 2025.
This is a mandatory open offer at a low price of ₹4.30 per share for a small company whose shares are currently suspended from trading. Shareholders should note the change of control to a new promoter group (Harmony Remedies), evaluate whether to tender shares in the offer, and watch for the revocation of trading suspension as a key catalyst.