Update on open offer

Open Offer TriggeredListed Co AcquisitionStrategic Transactions View source PDF Explain this filing

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reactionminutes from the announcement price · days from the prior close

-0.1%Reaction day

₹31.55

prior close

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announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used-0.5%+0.4% vs market

Sugar peers, median of 27sector-0.8%+0.6% vs sector

On the reaction day the stock moved 0.4 pts more than Nifty Microcap 250 and 0.6 pts more than its Sugar peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

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Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-0.1-0.5+0.4-0.8+0.6

Next day

+1.6-1.7+3.2-1.4+3.0

+3.5-4.0+7.5-3.5+6.9

+0.9-2.1+2.9-3.8+4.6

+5.4-2.7+8.1-1.0+6.4

+4.6-2.3+6.9+0.6+4.0

-0.5-1.5+1.1+0.1-0.6

15d

-1.6-1.8+0.2-1.0-0.6

+4.6+0.1+4.5-2.3+6.9

+1.1-3.3+4.4-7.7+8.8

+9.4-11.2+20.5-8.3+17.7

UpDownMarket · Nifty Microcap 250Sector · Sugar peers, median of 27Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

SBEC Sugar Limited has announced the completion of an open offer made by SBEC Systems (India) Limited (Acquirer) along with 6 persons acting in concert (PACs), including promoters Jayesh Modi, Kumkum Modi, and Umesh Kumar Modi. The open offer was for up to 1,23,90,009 equity shares (26% of voting capital) at ₹21.19 per share, with total consideration of approximately ₹26.25 crore. The offer ran from October 28 to November 12, 2025, and all tendered shares (1,23,90,009) were accepted. Payment was made on November 26, 2025. Post-offer, the Acquirer and PACs' shareholding has increased from 65.12% to 91.12% of voting capital. The open offer was made pursuant to a Supreme Court Order dated March 4, 2025, and no separate Share Purchase Agreement was executed.

Likely market impact

The promoter group's stake has risen sharply to over 91%, concentrating ownership significantly and likely reducing free-float and trading liquidity in the stock. Remaining public shareholders now hold a much smaller minority stake, raising potential concerns about future corporate decisions and possible delisting.