Vivro Financial Services Pvt Ltd ("Manager to the Offer") has submitted to BSE a copy of Recommendations of the Committee of Independent Directors ('IDC') of Shree Pacetronix Limited ("Target ....
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Shree Pacetronix Limited's Independent Directors Committee has submitted its recommendation on an open offer made by existing promoter Akash Sethi along with PACs Atul Kumar Sethi, Amita Sethi, and Ashish Sethi. The offer is to acquire up to 9,75,000 equity shares (26% of expanded share capital) from public shareholders at ₹100 per share, totalling ₹97.5 lakh in cash. The IDC reviewed the Public Announcement (Aug 7, 2025), Detailed Public Statement, Draft Letter of Offer, and Letter of Offer (Oct 17, 2025), and has deemed the ₹100 offer price as fair and reasonable under SEBI Takeover Regulations. Vivro Financial Services is the Manager to the Offer. The recommendation was unanimously approved by all three IDC members, none of whom hold shares or have any relationship with the acquirers.
Public shareholders now have the IDC's formal opinion that the ₹100 per share offer price is fair and reasonable. Since the acquirers are existing promoters increasing their stake, retail investors should independently evaluate whether to tender shares, compare the offer price with prevailing market rates, and consider their own investment goals before deciding.