Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we wish to inform you that the Company has published newspaper advertisements ....
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SBEC Sugar Ltd has informed BSE that it published newspaper advertisements on 17 October 2025 conveying the recommendations of its Independent Directors Committee (IDC) on an ongoing Open Offer. The Open Offer is being made by SBEC Systems (India) Limited (the Acquirer) along with persons acting in concert — Moderate Leasing & Capital Services, A To Z Holdings, Longwell Investment, Jayesh Modi, Kumkum Modi, and Umesh Kumar Modi. The offer is for up to 1,23,90,009 fully paid-up equity shares (26% of the voting share capital) at a price of INR 21.19 per share, which includes an interest component of INR 11.19. The IDC reviewed all offer documents and concluded that the offer price is fair and reasonable under SEBI takeover regulations. Ads appeared in Financial Express (English), Jansatta (Hindi), and Mumbai Lakshadeep (Marathi).
This is a procedural disclosure under SEBI takeover rules and does not change the offer terms. Eligible public shareholders should review the IDC's recommendation and the letter of offer (dated 14 Oct 2025) to decide whether to tender their shares in the Open Offer.