Announced Mon, 18 May · 17:28 IST

Please find enclosed Pre- Offer Advertisement and corrigendum to the Detailed Public Statement and Letter of Offer as received from Choice Capital Advisors Private Limited

Open Offer TriggeredListed Co AcquisitionStrategic Transactions View source PDF

Price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reaction · full curve 14 horizons · vs prior close

-2.0%1-day move

₹760.00

prior close

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base price

After-mkt

timing

5m10m15m30m1D2D3D4D5D7D15D1M2M3M

————-2.0-0.1+1.8+3.2+4.9+5.7+21.1+26.3+31.5—

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AI summary

PH Capital Ltd has received a Pre-Offer Advertisement and corrigendum from Choice Capital Advisors regarding an Open Offer to acquire up to 7,80,026 equity shares (26% of total voting share capital) at ₹206.66 per share in cash. The offer is being made by Mr. Aditya Himmat Bhansali pursuant to SEBI (SAST) Regulations 2011. The Independent Directors Committee has recommended the offer price as justified. SEBI has provided final observations (April 30, 2026) and prior approval for change in control (May 08, 2026). The tendering period opens May 19, 2026 and closes June 02, 2026. There is no competitive bid to this offer. This appears to be an acquisition triggering an open offer for substantial acquisition of shares and change in control.

Likely market impact

Existing shareholders of PH Capital Ltd have the opportunity to tender their shares at ₹206.66 per share until June 02, 2026. The acquisition will result in a change of control of the company.