With reference to the submission dated 23rd March 2026, we would like to inform you that as per Regulation 26(2) of SEBI(SAST) Regulation, 2011 and subsequent amendments thereof, the Recommendations ....
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Awaiting price reaction for this filing.
Three acquirers — Mrs. Maneesha Singh, Jagsakti Merchandise Private Limited, and Ros Advisory Private Limited — have made an open offer to buy up to 12,47,844 equity shares (26% of paid-up capital) of Grameva Limited at Rs. 30 per share. The offer price is higher than the fair value of Rs. 26.21 determined by the registered valuer and the negotiated share purchase price of Rs. 28. The shares are classified as infrequently traded on both BSE and CSE. The Independent Directors Committee (IDC) has recommended the offer as fair and reasonable, but flagged that the current BSE market price is higher than the offer price, advising shareholders to independently evaluate before tendering. The Letter of Offer was issued on March 16, 2026, and VC Corporate Advisors is managing the offer.
Shareholders now have the IDC's formal recommendation on record — it deems the Rs. 30 offer price fair versus the Rs. 26.21 fair value, but the warning that the stock trades above the offer price on BSE means retail investors should weigh the tender decision carefully against prevailing market levels. The acquisition signals a change in control or significant stake-building in this small-cap, infrequently-traded company.