Intimation regarding newspaper publication of Detailed public statement (DPS) dated June 5, 2025 received from the Manager to the offer i.e. Saffron Capital Advisors Private Limited in ....
Awaiting price reaction for this filing.
Shamrock Industrial Company Ltd informed the stock exchange about the publication of a Detailed Public Statement (DPS) dated June 4, 2025, relating to an Open Offer made by a group of four acquirers — Lotus Excel Wealth Creators LLP, HODL Systems LLP, Bagepalli Vijaykumar Harish, and Rattan Kapoor — with Saffron Capital Advisors acting as the Manager to the Offer. The offer is to acquire up to 36,30,190 equity shares (representing 26% of the emerging voting share capital) from public shareholders at ₹16.40 per share, aggregating up to about ₹5.95 crore. The DPS was published on June 5, 2025 in Financial Express (English), Jansatta (Hindi) and Pratahakal (Marathi, Mumbai edition). The Open Offer follows a Share Purchase Agreement signed on May 29, 2025 by Acquirer 2 (HODL Systems LLP) with existing promoters/sellers (members of the Khokhani family and group entities) for 6,36,399 shares (3.15%) at ₹13.30 per share. The Target Company is engaged in pharmaceutical products and intermediates, with FY25 total revenue of ₹124.60 crore and profit of ₹86.42 crore.
Existing public shareholders can tender their shares in the Open Offer at ₹16.40 per share. The Offer Price is significantly above the underlying SPA price of ₹13.30 per share. Shareholders are advised to wait for the Letter of Offer with detailed timelines before deciding to tender.