Vivro Financial Services Pvt Ltd ("Manager to the Offer") has submitted to BSE a copy of Letter of Offer to the Public Shareholders of Shree Pacetronix Ltd ("Target Company").
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Vivro Financial Services, acting as Manager to the Offer, has submitted the Letter of Offer to BSE for an Open Offer to the public shareholders of Shree Pacetronix Limited. The offer is triggered by a Securities Subscription Agreement (SSA) signed on August 7, 2025, under which acquirer Akash Sethi (along with PACs - his father Atul Kumar Sethi, mother Amita Sethi, and brother Ashish Sethi, who are existing promoters) will subscribe to 75,150 equity shares plus 2,25,450 convertible warrants at ₹81 per share via preferential allotment. The Open Offer is to acquire up to 9,75,000 equity shares (26% of expanded share capital) from public shareholders at ₹100 per share, aggregating up to ₹9.75 crores in cash. Post-offer, the promoter group's holding will rise from 24.25% to 55.09% of fully diluted equity capital. The tendering period runs from October 31, 2025 to November 14, 2025.
Public shareholders can tender their shares at ₹100 per share during the offer window (Oct 31 – Nov 14, 2025). The promoter family will consolidate majority control (55%) without any delisting, so the stock remains listed and tradeable. Shareholders should also wait for the independent directors' recommendation before deciding to tender.