Bonanza Portfolio Limited ("Manager to the Offer") has submitted to BSE a copy of corrigendum to Letter of Offer for the attention of the Shareholders of Shentracon Chemicals Ltd ("Target Company").
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Bonanza Portfolio Ltd, acting as Manager to the Offer, has submitted a corrigendum to the Letter of Offer for the ongoing open offer on Shentracon Chemicals Ltd to BSE. The open offer is being made by Mr. Amit Lalit Jain and Mr. Hanissh Kanakraj Jaain to acquire up to 11,53,917 equity shares, representing 26.00% of the fully paid-up equity and voting share capital, from public shareholders. The negotiated offer price is ₹0.50 per share. The corrigendum was published in the Mumbai edition of Mumbai Lakshadeep (Marathi) and the Kolkata edition of Duranta Barta (Bengali) newspapers on January 16, 2026.
Public shareholders of Shentracon Chemicals should review the corrigendum carefully as it may contain revisions or clarifications to the original offer terms. The very low offer price of ₹0.50 per share signals the stock is trading at distressed levels, and shareholders should independently assess whether to tender, hold, or seek professional advice.