Bonanza Portfolio Limited ("Manager to the Offer") has submitted to BSE a copy of Post-Offer Advertisement under Regulation 18(12) in terms of SEBI (Substantial Acquisition of Shares and ....
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Awaiting price reaction for this filing.
Bonanza Portfolio, acting as the Manager to the Offer, has submitted a copy of the Post-Offer Advertisement to BSE for Shentracon Chemicals Ltd. The open offer was made by Mr. Amit Lalit Jain and Mr. Hanissh Kanakraj Jaain, who had earlier entered a Share Purchase Agreement on September 4, 2025, to buy 23,17,343 equity shares (52.22%) from the promoters. They also offered to buy 11,53,917 shares (26%) from public shareholders at Rs. 0.50 per share (face value Rs. 10). The advertisement appeared on February 12, 2026, in Financial Express, Jansatta, Mumbai Lakshadeep, and Duranta Barta as required by SEBI takeover rules. This filing is a routine post-completion disclosure after the open offer window closed.
Public shareholders can no longer tender shares under this offer. Control of Shentracon Chemicals has effectively shifted to the new acquirers, who now hold roughly 52.22% of the company, which may weigh on stock sentiment given the very low Rs. 0.50 offer price.