Saffron Capital Advisors Pvt Ltd ("Manager to the Open Offer") has submitted to BSE a copy of "Reminder Advertisement" dated May 29, 2026, for the attention of the Public Shareholders of ....
Awaiting price reaction for this filing.
Saffron Capital Advisors, acting as Manager to the Open Offer, has issued a Reminder Advertisement dated May 29, 2026 (published June 1, 2026) for the open offer on Shantai Industries Limited. The offer is by Radhe Dhokla Private Limited along with four individual acquirers (Pandav Dishant Kanubhai, Nikunj Vijaybhai Prajapati, Pandav Jinesh Kanaiyalal, and Pandav Pradipkumar Vijaybhai). They are looking to acquire up to 19,20,000 equity shares (25.60% of voting share capital) at ₹21 per share, aggregating to about ₹4.03 crore. The advertisement was published in Financial Express (English), Jansatta (Hindi), Janadesh (Gujarati – Surat edition), and Mumbai Lakshadeep (Marathi – Mumbai edition). The reminder specifically asks physical shareholders who have not received the Letter of Offer to request a soft copy from the Registrar (Purva Sharegistry) or download it from the SEBI/Manager/BSE websites.
This is a procedural reminder to encourage participation by physical shareholders in the ongoing open offer. For shareholders, the offer price stands at ₹21 per share, providing a defined exit opportunity during the tendering window. The small offer size (about 25.60% of voting capital, roughly ₹4.03 crore in total) suggests the focus is on consolidating ownership rather than a full takeover.