Saffron Capital Advisors Pvt Ltd ("Manager to the Offer") has submitted to BSE a copy of Letter of Offer to the Public Shareholders of Shamrock Industrial Company Ltd ("Target Company").
Awaiting price reaction for this filing.
Saffron Capital Advisors, the Manager to the Offer, has submitted the Letter of Offer to BSE for a mandatory Open Offer on Shamrock Industrial Company Ltd (Scrip Code: 531240). The offer is by four acquirers — Lotus Excel Wealth Creators LLP, HODL Systems LLP, Bagepalli Vijayakumar Harish, and Rattan Kapoor — to acquire up to 14,11,388 equity shares (26% of voting share capital) at ₹16.40 per share, aggregating up to ₹2.31 crore. This follows a Share Purchase Agreement dated May 29, 2025, under which the acquirers (except HODL Systems) already bought 16,36,899 shares (30.15%) from the existing promoters at the same ₹16.40 price, triggering a change in control and a mandatory open offer under SEBI (SAST) Regulations 2011. The offer window is from October 30, 2025 to November 13, 2025, and the offer is not conditional on minimum acceptance.
Public shareholders of Shamrock Industrial get a defined exit opportunity at ₹16.40 per share between Oct 30 and Nov 13, 2025. If oversubscribed, acceptances will be on a proportionate basis. The trigger indicates a change in control of the company.