With reference to the captioned subject, Public Announcement dated August 7, 2025('PA') andDetailed Public Statement published on August 14, 2025 in Financial Express (English - alledition), ....
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Shree Pacetronix Ltd has informed BSE about forming a Committee of Independent Directors under SEBI Takeover Regulations in connection with an existing Open Offer. The offer is for acquisition of up to 9,75,000 equity shares (26% of share capital) at Rs. 100 per share from public shareholders. The acquirer is Akash Sethi along with PACs Atul Kumar Sethi, Arnita Sethi, and Ashish Sethi. The committee comprises Manali Tongia (Chairman), Somya Chhabra (Member), and Chandragupt Jain (Member), who will recommend on the open offer to shareholders.
This is a procedural compliance update related to an ongoing open offer process and does not change the offer terms. Shareholders should await the committee's formal recommendation on whether to tender their shares in the offer at Rs. 100 per share.