Aryaman Financial Services Ltd ("Manager to the Offer") has submitted to BSE a copy of Letter of Offer for the attention of the Equity Shareholders of Net Pix Shorts Digital Media Ltd ("Target ....
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Aryaman Financial Services Ltd, the Manager to the Offer, has submitted the Letter of Offer to BSE for an Open Offer triggered by a Share Purchase Agreement (SPA) signed on December 15, 2025. Under the SPA, Mr. Ritesh Tiwari and Mrs. Alka Tiwari (husband and wife) agreed to buy 23,00,000 equity shares (71.87%) from promoter Danish Zakaria Aghadi at ₹30 per share, totalling ₹6.90 crore. As a mandatory consequence under SEBI (SAST) Regulations, the Acquirers are now offering to buy an additional 8,32,016 shares (26% of equity) from public shareholders at ₹32 per share in cash. The offer opens on February 13, 2026 and closes on February 27, 2026. Post-offer, the Acquirers will hold up to 97.87% of the company. Net Pix is a small digital media/short-film content company listed on the BSE SME platform, with declining revenues (~₹47 lakhs in FY25) and recent losses.
Public shareholders can tender shares at ₹32 per share between Feb 13–27, 2026; the offer price equals the last traded price on BSE. Post-acquisition, public shareholding will drop to just 2.13%, falling below the mandatory 25% minimum, which may trigger further regulatory actions including possible delisting steps by the Acquirer.