Srujan Alpha Capital Advisors LLP (''''Manager to the open Offer'''') has submitted to BSE a copy of Post Offer Advertisement under Regulation 18(12) of SEBI (SAST) regulations, 2011 as ....
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Srujan Alpha Capital Advisors LLP, the Manager to the Open Offer, has submitted a copy of the Post Offer Advertisement to BSE on behalf of the Acquirers — Mr. Shailesh Agrawal and Mr. Ramji Das Agarwal. The Open Offer was for up to 14,94,922 equity shares (26% of total equity) at Rs. 9.50 per share. The advertisement was published on July 17, 2025 in Financial Express (English), Jansatta (Hindi), Prathakal (Marathi), and Business Remedies (Hindi, Jaipur edition). This filing is made under Regulation 18(12) of SEBI (SAST) Regulations, 2011, indicating the open offer process is being formally concluded.
This is a routine post-offer regulatory disclosure confirming that the open offer by the Acquirers has been completed and publicly announced. Existing shareholders who tendered shares would have already been settled; the stock may see reduced volatility now that the offer process is closed.