Finshore Management Services Ltd has submitted to the Exchange a copy of PUBLIC ANNOUNCEMENT UNDER REGULATIONS 3 (1) AND 4 READ WITH REGULATIONS 13(1), 14, AND 15 (1) OF THE SECURITIES AND EXCHANGE BOARD OF INDIA (SUBSTANTIAL ACQUISITION OF SHARES AND TAKEOVERS) REGULATIONS, 2011, AS AMENDED ( SEBI SAST REGULATIONS )FOR THE ATTENTION OF THE PUBLIC SHAREHOLDERS OF the company
SANGINITA · price
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BNG Investment LLC and Mr. Anubhav Agarwal (the Acquirers) are taking control of Sanginita Chemicals Limited through a Share Swap and Share Purchase Agreement dated 20th March 2026. As part of the deal, the existing promoters (the Chavada family and Sanginita Industries LLP) are selling their entire 25.40% stake (65,78,994 shares) at Rs. 13.05 per share. The Acquirers will also acquire 95 lakh shares of Agastya Green Energy Ltd (AGEL) via a share swap, issuing 1,52,87,356 Sanginita shares, plus another 1,91,57,080 shares on a preferential cash basis at Rs. 13.05 per share. A mandatory open offer for 1,56,89,957 shares (26% of expanded capital) is being made to public shareholders at Rs. 13.55 per share, totalling about Rs. 21.26 crore in cash consideration. Post-transaction, AGEL will become a wholly-owned subsidiary of Sanginita Chemicals.
Existing public shareholders can tender their shares in the open offer at Rs. 13.55 per share in cash. The change of control and entry into the green energy business through AGEL may alter the company's future direction, and the stock could see price movement around the open offer window.