Saffron Capital Advisors Pvt Ltd ("Manager to the Offer") has submitted to BSE a copy of Public Announcement under Regulations 3(1) and 4 read with Regulations 13, 14 and 15(1) of Securities ....
Awaiting price reaction for this filing.
Aspect Global Ventures Private Limited has made a public announcement to acquire up to 26,98,298 equity shares (26% of voting share capital) of Iykot Hitech Toolroom Limited from public shareholders at ₹8.50 per share, totaling up to ₹2.29 crore in cash. The open offer is triggered by a Share Purchase Agreement dated February 24, 2026, under which the acquirer will buy 35,89,080 shares (34.58% stake) from four existing promoters — Annjana Dugar, Likhitta Dugar, Padam Dugar, and Antariksh Dugar — at ₹8 per share, amounting to ₹2.87 crore. Post-transaction, the acquirer will take joint control of the company, and the selling promoters will be declassified from the promoter group. The company had also recently forfeited 99,01,931 partly paid-up shares, bringing voting share capital to 1,03,78,069 shares. The acquirer has stated no intention to delist the company.
This is a change-of-control event for the small-cap BSE-listed company. Public shareholders can tender their shares at ₹8.50 each during the tendering period, but given the shares are infrequently traded and the offer is not conditional on minimum acceptance, the price discovery may not reflect any significant premium. Shareholders should watch for the Detailed Public Statement (due by March 4, 2026) and Letter of Offer for further details.