Saffron Capital Advisors Pvt Ltd ("Manager to the Offer") has submitted to BSE a copy of Detailed Public Statement in terms of Regulations 3(1) and 4 read with Regulations 13(4), 14(3) ....
Awaiting price reaction for this filing.
Aspect Global Ventures Private Limited has launched an open offer to acquire up to 26,98,298 fully paid-up equity shares (26% of voting capital) of Iykot Hitech Toolroom Ltd at ₹8.50 per share, totaling approximately ₹2.29 crore. The acquirer already holds 34.58% of the company through a Share Purchase Agreement with existing promoters/sellers, and post-offer holding could rise to 60.58%. The offer is being managed by Saffron Capital Advisors Pvt Ltd under SEBI Takeover Regulations, with the Detailed Public Statement published on March 4, 2026. The target company's voting share capital was reduced to 1,03,78,069 shares after forfeiture of 99,01,931 partly paid-up shares (board resolution dated January 9, 2026). The Detailed Public Statement was published in Financial Express (English), Jansatta (Hindi), Makkal Kural (Tamil - Chennai), and Mumbai Lakshadeep (Marathi).
Public shareholders of Iykot Hitech Toolroom can tender their shares at ₹8.50 per share during the offer period. The offer price appears modest relative to typical control transactions, and existing promoters are exiting partially, signaling a change in ownership control. Shareholders should evaluate whether to tender based on the offer price versus market value and the acquirer's plans.