Choice Capital Advisors Pvt Ltd ("Manager to the Offer") has submitted to BSE a copy of Public Announcement under the provisions of Regulations 3(1) and 4 read with Regulations 13(1), 14, ....
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Mr. Aditya Himmat Bhansali (Acquirer) has entered into a Share Purchase Agreement dated December 20, 2025, to acquire 21,81,200 equity shares (72.70% of voting share capital) from the existing promoters of P H Capital Limited at ₹206.66 per share, aggregating to about ₹45.08 crore. As this triggers SEBI Takeover Regulations, a mandatory open offer has been made to public shareholders for up to 7,80,026 shares (26% of voting share capital) at the same price of ₹206.66 per share, with maximum consideration of about ₹16.12 crore payable in cash. Assuming full acceptance, the Acquirer will hold 98.71% of the company, taking complete control and becoming the new promoter. The Acquirer has confirmed no intention to delist the company and has arranged adequate funds for the offer.
Public shareholders can tender their shares at ₹206.66 per share in cash during the open offer window, giving them a clear exit opportunity at a defined price. The change in control to a new single promoter with nearly the entire company may affect minority shareholders' influence going forward, though no delisting is planned.