Saffron Capital Advisors Pvt Ltd ("Manager to the Open 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 ....

Shantai Industries Ltd (BSE: 512297), a Surat-based listed company, is set to undergo a change in control. A group of five acquirers led by Radhe Dhokla Private Limited, along with four individuals (Pandav Dishant Kanubhai, Nikunj Vijaybhai Prajapati, Pandav Jinesh Kanaiyalal, and Pandav Pradipkumar Vijaybhai), has signed a Share Purchase Agreement dated February 13, 2026 to buy 55.80 lakh equity shares (74.40% of voting capital) from the existing promoter Sawlani family at ₹11.50 per share, totaling about ₹6.42 crore. As required by SEBI takeover rules, the acquirers are now making a mandatory open offer to public shareholders for up to 19.20 lakh shares (25.60%) at ₹21 per share, worth up to ₹4.03 crore in total. The offer price of ₹21 is nearly 83% higher than the price paid to the promoters under the SPA, giving public shareholders a meaningful exit opportunity. The acquirers have stated no intention to delist the company and will ensure minimum public shareholding norms are met.