Intimation under Regulation 30 and 31A(10) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 - Open Offer to the shareholders of Hindustan Agrigenetics Limited ....
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Hindustan Agrigenetics has informed the BSE that the Open Offer triggered by a Share Purchase Agreement between Rajendra Naniwadekar (Acquirer) and selling promoter Pritam Kapur has been completed. Under the deal, 44,000 equity shares were acquired, giving Rajendra Naniwadekar control of the company. He will now be classified as a Promoter of the company. Additionally, 15 members of the existing Promoter and Promoter Group (including Pritam Kapur, S V R Rao, and others) will be re-classified into the public category in the shareholding pattern for the quarter ended September 2025. The intimation was made under SEBI LODR Regulations 30 and 31A(10).
This marks a change of control at Hindustan Agrigenetics, with Rajendra Naniwadekar taking over as the new Promoter and a large group of existing promoters moving to the public shareholder category. Shareholders should expect shifts in the shareholding pattern and governance, though the Open Offer itself was small in size (44,000 shares).