Swaraj Shares and Securities Pvt Ltd ("Manager to the Offer") vide its letter dated June 11, 2025 has submitted to BSE a copy of Letter of Offer to the Public Shareholders of Mardia Samyoung ....
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Mardia Samyoung Capillary Tubes Company Ltd has filed the Letter of Offer for a mandatory open offer triggered by a change in control. Acquirer Torextron Ventures Private Limited is buying 48,31,595 shares (69.41% of voting capital) from the existing Mardia promoter family at ₹5.00 per share, aggregating to ₹2.41 crore, under a Share Purchase Agreement dated December 17, 2024. Following SEBI (SAST) Regulations, the acquirer is now making an open offer to public shareholders for up to 18,09,967 shares (26% of voting capital) at the same price of ₹5.00 per share, with a maximum total payout of about ₹90.50 lakh in cash. The offer opens on June 19, 2025 and closes on July 2, 2025, with Swaraj Shares and Securities acting as Manager to the Offer.
This is a change-of-control event where the existing promoter group is exiting and a new acquirer (Torextron Ventures) is taking over the listed company. Public shareholders have a 14-day window to tender shares at ₹5.00; if oversubscribed, acceptance will be on a proportionate basis. Shareholders should compare the offer price with prevailing market price and the recommendation of the independent directors' committee before deciding to tender.