Pursuant to our intimation with respect to the formation of the Committee dated 15.10.2025, read with Reg26(7) of SEBI SAST Regulations, we would like to inform you that the meeting of ....
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Shree Pacetronix Limited informed BSE about the outcome of its Independent Directors Committee (IDC) meeting held on October 27, 2025, regarding an Open Offer by existing promoter Akash Sethi along with three persons acting in concert (Atul Kumar Sethi, Amita Sethi, and Ashish Sethi). The offer is to acquire up to 9,75,000 equity shares, representing 26% of the expanded share capital, at ₹100 per share, for a total cash consideration of ₹9.75 crore. After reviewing the Public Announcement, Detailed Public Statement, Draft Letter of Offer, and Letter of Offer, the IDC unanimously opined that the offer price of ₹100 per share is fair and reasonable. The IDC also noted that the acquirer and PACs are existing promoters intending to support the company's continued growth, and no complaints from public shareholders were received regarding the offer process or valuation.
Existing promoters are increasing their stake via a formal open offer, which is generally seen as a confidence signal in the company. Public shareholders now have a clear window to tender shares at ₹100 if they wish to exit, though they are advised to evaluate independently.