Bonanza Portfolio Ltd ("Manager to the Offer") has submitted to BSE a copy of Detailed Public Statement in accordance with the provisions of Regulations 13(4), 14(3) and 15(2) and such ....
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Bonanza Portfolio Ltd, acting as Manager to the Offer, has submitted the Detailed Public Statement (DPS) to BSE for an open offer in Covidh Technologies Ltd. The offer has been triggered following a Share Subscription Agreement signed by nine acquirers — Mr. Pratap Deshmukh, Mr. Laukik Deshmukh, Ms. Sharmila Deshmukh, Ms. Shubhangi Garad, Mr. Sumeet Garad, Mr. Nandkumar Kadam, Ms. Archana Lonkar, and others — under SEBI (SAST) Regulations, 2011. The offer involves acquisition of shares and voting capital from the public shareholders of Covidh Technologies. The DPS was published on October 10, 2025 in Financial Express (English), Jansatta (Hindi), Sakshyam (Telugu) and Mumbai Lakshdeep newspapers, as required under Regulations 13(4), 14(3) and 15(2).
Shareholders of Covidh Technologies can now review the open offer price and tender their shares if they choose to exit. Such open offers typically create short-term trading interest in the stock and may lead to price movement towards the offer price.