Disclosure of completion of Acquisition of Simandhar Impex Limited , (the Target Company) by Farmico Internation Pvt Ltd under regulation 30 of SEBI(LODR) 2015 is annexed herewith.
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Farmico International Private Limited has completed the acquisition of 22,81,615 equity shares of Simandhar Impex, representing 74.64% of the paid-up equity share capital, on May 21, 2026. The acquisition was carried out under a Share Purchase Agreement and an Open Offer, in line with SEBI Takeover Regulations. Following this, Farmico International and its controlling person, Mr. Chandraprakash Wadhwani, have become part of the Promoter and Promoter Group of the company. This marks a formal change of control of the listed entity.
The promoter group of Simandhar Impex has now changed, with Farmico International taking 74.64% control. Existing minority shareholders may see changes in management direction, and the stock may see price discovery as the new promoter consolidates control.