Please find attached the outcome of Board Meeting held on December 20, 2025
Price
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Awaiting price reaction for this filing.
The board of PH Capital Ltd approved a Share Purchase Agreement (SPA) dated December 20, 2025, under which Mr. Aditya Himmat Bhansali (Acquirer) will buy up to 21,81,200 equity shares (72.70% of paid-up capital) from members of the promoter/promoter group at up to ₹206.66 per share, implying a transaction 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 others. Because the Acquirer will cross the SEBI Takeover Code threshold, a mandatory open offer to public shareholders will follow. The Acquirer will gain control of the Company and the board will be reconstituted to include his nominees, subject to statutory approvals.
This is a significant change-of-control event for retail shareholders — expect an open offer from the Acquirer at SEBI-mandated pricing soon, and a likely change in board composition. The stock may see price action around the open offer window; existing public shareholders should review the offer price versus market price before deciding to tender.