Please find attached intimation as per Regulation 30A of LODR
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The board of PH Capital Ltd has approved a Share Purchase Agreement dated 20 December 2025 under which Mr. Aditya Himmat Bhansali will acquire up to 21,81,200 equity shares (72.70% of the paid-up equity share capital) from members of the promoter and promoter group at a price of up to ₹206.66 per share, implying a total deal value of roughly ₹45 crore. The sellers include Rikeen P. Dalal - HUF, Sejal Rikeen Dalal, Tej Pradip Dalal, Ruby Multimedia Pvt Ltd, Krishna Trust, Tirupati Trust, and Sujalbhai Palkhiwala. Because the acquisition crosses the SEBI takeover threshold, Mr. Bhansali will be required to make an open offer to the public shareholders under the SEBI (SAST) Regulations, 2011. The company itself is not selling any shares — it is only a facilitating party to the SPA. Post-completion, the acquirer will gain control of the company and the board will be reconstituted to include his nominees.
This is a change-of-control event that will shift ownership from the existing promoters to a new acquirer and obligates him to launch a mandatory open offer to public shareholders, typically at a price linked to the SPA price or market price (whichever is higher). Shareholders should watch for the detailed public open offer letter from the acquirer, as it will determine any exit opportunity and the indicative price offered to minority investors.