Disclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations,2015 regarding Detailed Public Statement in relation to open Offer to public Shareholders ....
Awaiting price reaction for this filing.
Mr. Suman Nandi (the Acquirer) has issued a Detailed Public Statement for a mandatory Open Offer to public shareholders of Premium Capital Market & Investments Ltd under SEBI (SAST) Regulations, 2011. He already holds 15,89,300 shares (24.25%) acquired at Rs. 1.50/share, and now offers to buy an additional 17,04,000 shares (26%) at Rs. 6.40 per share, totaling about Rs. 1.09 crore in maximum consideration. Post-offer, his holding will rise to 50.25%, triggering a change of control — he will become the new promoter and existing promoters will step down. The shares are infrequently traded on BSE, the tendering window runs from November 20 to December 3, 2025, and Interactive Financial Services is managing the offer. The target company reported revenue of Rs. 86.89 lakh and a loss of Rs. 44.30 lakh in FY25.
This is a change-of-control takeover event. Public shareholders can tender shares at Rs. 6.40 until December 3, 2025 — over 4x the price at which the acquirer built his initial 24.25% stake. Expect a sharp rise in trading volume around the tendering window; downside is limited since the acquirer is unlikely to let the price fall far below the offer price.