Swaraj Shares and Securities Pvt Ltd ("Manager to the Offer") has submitted to BSE a copy of Pre-Offer Advertisement and Corrigendum to the Detailed Public Statement under Regulations 18(7) ....
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Torextron Ventures Private Limited has launched an Open Offer to acquire up to 18,09,967 shares (26.00% of voting share capital) from public shareholders of Mardia Samyoung Capillary Tubes Company Limited at ₹5.00 per share, totaling a maximum consideration of approximately ₹90.50 lakhs. The offer is triggered by a Share Purchase Agreement signed on December 17, 2024, under which the Acquirer will buy 48,31,595 shares (69.41% of voting capital) from multiple selling promoter shareholders and promoter entities for about ₹2.42 crores. The Pre-Offer Advertisement cum Corrigendum was published on June 18, 2025 in Financial Express, Jansatta, and Mumbai Lakshadeep newspapers. Swaraj Shares and Securities Pvt Ltd is acting as the Manager to the Offer.
This signals a change in control of the company with a new acquirer (Torextron Ventures) taking over from the existing promoter group. Public shareholders can tender their shares at ₹5.00 per share during the open offer window. The low offer price relative to typical valuations and the small float involved suggest limited liquidity impact, but shareholders should evaluate whether to tender based on the offer price versus expected post-acquisition value.