Please find enclosed herewith disclosure under regulation 30 and 30A read with Clause 5 and 5A of para A of part A of Schedule III of SEBI LODR, 2015
Awaiting price reaction for this filing.
All five existing promoters of Shantai Industries Ltd (the Sawlani family) have signed a Share Purchase Agreement dated February 13, 2026 to sell their entire 55,80,000 equity shares (74.40% of voting capital) to a group of five acquirers led by Radhe Dhokla Private Limited and four individuals. The deal price is Rs. 11.50 per share, against a face value of Rs. 2. The transaction will trigger a mandatory Open Offer to public shareholders under SEBI Takeover Regulations, 2011. After completion, the existing promoters will resign from the board and the acquirers will take over as the new promoters, subject to regulatory approvals.
This is a complete change of control. Public shareholders should expect an Open Offer from the new acquirers at a price determined under SEBI takeover rules and should watch for a likely re-rating or de-rating depending on the acquirers' plans. The company is not a party to the deal itself, but its management and promoter identity will change hands within 15 working days of share transfer.