Saffron Capital Advisors Pvt Ltd ("Manager to the Offer") has submitted to BSE a copy of Corrigendum to the Detailed Public Statement ("Corrigendum") for the attention of Public Shareholders ....
Awaiting price reaction for this filing.
Saffron Capital Advisors, the manager to the open offer, has submitted a Corrigendum to the Detailed Public Statement (DPS) to BSE for Shamrock Industrial Company Ltd. The open offer is being made by four acquirers — Lotus Excel Wealth Creators LLP, HODL Systems LLP, Bagepalli Vijaykumar Harish, and Rattan Kapoor — to buy up to 36,30,190 equity shares (face value Rs. 10) from public shareholders at Rs. 16.40 per share. The total offer size works out to about Rs. 5.95 crore. The corrigendum was published on June 13, 2025 in Financial Express (English, all editions), Janasatta (Hindi, all editions), and Pratahakal (Marathi, Mumbai edition). The offer is being made under SEBI's Substantial Acquisition of Shares and Takeovers (SAST) Regulations, 2011.
This is a procedural update (corrigendum) to an already announced open offer for a small-cap company. Public shareholders of Shamrock Industrial can tender their shares at Rs. 16.40 if they wish to exit. The low offer value (under Rs. 6 crore total) indicates this is a relatively small transaction, so price impact on the stock may be limited.