In continuation of our letter dated August 01, 2025, we wish to inform you that the Board of Directors of the Company, at its meeting held today, has inter alia: i. Take on record the ....
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
The board of Jetmall Spices and Masala Ltd approved several key items at its meeting on August 9, 2025. Most notably, it took on record a Share Purchase Agreement signed on June 23, 2025, under which promoter Bharat Kumar Pukhrajji is selling his entire 12,04,300 equity shares (20.10% of paid-up capital) to Raman Aggarwal (7,00,000 shares), Anju Aggarwal (3,00,000 shares), and Shrey Aggarwal (2,04,300 shares) for a total consideration of ₹1.32 crore. Post-completion of the mandatory open offer under SEBI Takeover Regulations, the acquirers will be classified as promoters and gain control of the company. The board also approved shifting the registered office from Ritherdon Road, Vepery to Spencer Plaza Mall, Anna Salai, Chennai (the previously proposed RMZ Millennia address was rejected due to unavailability). Additionally, Company Secretary Ms. Manisha and Secretarial Auditor M/s. A K Jain & Associates resigned effective August 1, 2025, with Nishant Jain & Associates appointed as the new Secretarial Auditor for FY 2024-25.
This filing signals a change of control — a promoter is exiting his full 20.10% stake to new acquirers who will become new promoters, accompanied by a mandatory open offer to public shareholders. For existing retail investors, this is a significant corporate event that typically leads to a mandatory tender offer opportunity, though the small deal size (₹1.32 crore) and micro-cap nature of the company means liquidity and offer pricing should be carefully evaluated.