Saffron Capital Advisors Pvt. Ltd ("Manager to the Open Offer") has submitted to BSE a copy of Offer Opening Public Announcement under Regulation 18(7) of the Securities and Exchange Board ....
Awaiting price reaction for this filing.
Aspect Global Ventures Private Limited (the Acquirer) is making a mandatory open offer to buy up to 26,98,298 fully paid-up equity shares of Iykot Hitech Toolroom Ltd from public shareholders at ₹8.50 per share, totalling about ₹2.29 crore. The offer represents 26% of the company's voting share capital and runs from June 10, 2026 to June 23, 2026. The trigger comes after Aspect Global Ventures completed a Share Purchase Agreement on April 24-27, 2026, buying 34.58% stake (35,89,080 shares at ₹8 each) from the erstwhile promoters — the Dugar family — and taking management control of the company. New directors representing the Acquirer have been appointed and old directors have resigned. The Independent Directors Committee has recommended the offer price as fair and reasonable, and SEBI has given its final observations.
Public shareholders can tender their shares in the open offer window (June 10-23, 2026) at ₹8.50 per share. The company has effectively changed hands with new promoters and board, though it will not be delisted. Existing shareholders who do not tender will remain invested with a new controlling group now running the listed entity.