General Announcement
Awaiting price reaction for this filing.
Krishna Capital and Securities Ltd has announced an open offer to acquire shares from public shareholders. Two acquirers, Ashu Bishnoi and Yagnik Tank, are offering to buy 18,04,508 equity shares (5.44% of the company's emerging voting share capital) at ₹20 per share. The offer is being made under SEBI's takeover regulations (Regulation 3(1) & 4 of SAST Regulations, 2011). The Detailed Public Statement was published on April 6, 2026 in national and regional newspapers. This is a mandatory open offer triggered by a substantial acquisition of shares.
Existing shareholders have an opportunity to sell their shares at ₹20 per share, which may be above or below current market prices. The open offer could lead to a change in the company's shareholding pattern and potentially influence future corporate actions or governance.