Intimation of withdrawal of Open Offer by Acquirers

Deal CancelledStrategic Transactions View source PDF Explain this filing

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Price reactionminutes from the announcement price · days from the prior close

+3.6%Reaction day

₹12.40

prior close

₹12.40

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+2.0%+1.7% vs market

Other Financial Services peers, median of 78sector+0.0%+3.6% vs sector

On the reaction day the stock moved 1.7 pts more than Nifty Microcap 250 and 3.6 pts more than its Other Financial Services peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

-0.2

10m

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15m

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30m

-0.2

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+3.6+2.0+1.7+0.0+3.6

Next day

+3.5+1.3+2.2+0.0+3.5

+0.8+1.8-0.9+0.0+0.8

+4.1+2.0+2.1+0.1+4.0

+4.8+2.5+2.3-0.3+5.2

+4.8+1.9+2.9+0.0+4.8

-9.6+0.7-10.3-0.1-9.5

15d

-0.2+2.9-3.0-1.5+1.3

-8.1-0.1-8.0-1.7-6.5

+9.7+1.5+8.2-7.7+17.4

-1.8-9.1+7.3-10.3+8.6

UpDownMarket · Nifty Microcap 250Sector · Other Financial Services peers, median of 78Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Shyamkamal Investments Ltd informed the stock exchange that the open offer for its shares has been officially withdrawn by the acquirers. The offer, originally announced on February 25, 2025, by Morabia Enterprise Private Limited and Mr. Mahendra Harjivan Morabia (along with persons acting in concert), was for up to 1,30,94,380 equity shares representing 26% of the company's voting capital. The withdrawal was carried out under Regulation 23 of the SEBI Takeover Regulations, 2011, and newspaper advertisements were published in Financial Express, Jansatta, and Pratahkal on December 8, 2025. Merchant banker AFCO Capital India Private Limited handled the withdrawal process.

Likely market impact

For shareholders, the planned open offer at a previously announced price will no longer go through, meaning they won't get the exit opportunity that the offer would have provided. The stock may see some short-term pressure as any premium expectations linked to the takeover bid disappear.