Company informs about the copy of Draft Letter of Offer received from Choice Capital Advisors Private Limited in relation to open offer to public shareholders.
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P H Capital Ltd (BSE: 500143) has received the Draft Letter of Offer for an open offer made by Mr. Aditya Himmat Bhansali following his Share Purchase Agreement dated December 20, 2025 to buy 72.70% stake (21,81,200 shares) from existing promoters at ₹206.66 per share, totalling about ₹45.08 crore. The open offer is for up to 7,80,026 equity shares (26% of voting capital) from public shareholders at the same price of ₹206.66 per share, payable in cash, with a maximum outflow of about ₹16.12 crore assuming full acceptance. The tendering period is scheduled from February 12, 2026 to February 26, 2026. Choice Capital Advisors is the manager to the offer and Bigshare Services is the registrar.
Public shareholders get an exit opportunity at ₹206.66 per share in cash, representing the takeout price for the change in control. The stock may see price action around the open offer window; investors should watch for the independent directors' recommendation due by February 11, 2026.