Refund application along with NOCs are submittted
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Shanti Guru Industries Ltd (formerly RCL Retail Limited), listed on BSE SME Platform, has submitted an application to BSE requesting the refund of a 1% security deposit of Rs. 5,79,500/-. This deposit was placed with BSE in connection with an open offer (June 2017) by Mr. Shripal Sanghvi, Mrs. Sarika Sanghvi, M/s Shripal Sanghvi HUF, and M/s Mahipal Sanghvi HUF to acquire up to 32,00,600 equity shares (26%) of RCL Retail Limited at Rs. 10 per share. The application includes No Due Certificates from Gretex Corporate Services (Manager to the Offer), Cameo Corporate Services (Registrar to the Offer), and a statutory auditor certificate from Venkat and Rangaa LLP. The company confirms all dues to intermediaries have been paid, all shares have been credited to the acquirers, and no shares remain in escrow. No investor complaints are pending. This filing follows the new joint SOP for release of 1% Security Deposit issued by BSE in December 2024.
This is a post-offer administrative closure procedure. The open offer was completed in 2017 and this filing finalises the settlement process by confirming all obligations were met. The refund of Rs. 5,79,500/- back to the company is routine and has no material impact on the stock price.