Intimation under Regulation 30 of the SEBI (LODR) Regulation 2015, of Change in Management Control after completion of acquisition of equity share capital of Simandhar Impex Ltd. (Target ....
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Simandhar Impex Ltd has informed BSE that Farmico International Private Limited completed the acquisition of 22,81,615 equity shares, representing 74.64% of the company's paid-up equity share capital, on May 21, 2026, under SEBI Takeover Regulations. Following this acquisition, effective management control has transferred to Farmico International and its controller Mr. Chandraprakash Wadhwani, who will now be classified as the new Promoters of the company. Two new Additional Executive Directors — Mr. Lalit Naresh Nagdev (a Chartered Accountant with 9+ years experience in finance and banking) and Mr. Amit Suresh Ninawe (a Chartered Accountant with 13+ years experience in finance, taxation, and credit management at ICICI Bank) — have been appointed with effect from June 6, 2026, to represent the new management.
This is a complete change of control event for a BSE-listed company, meaning new promoters now run the business and existing public shareholders retain a minority stake. Shareholders should expect potential changes in business direction, strategy, and governance under the new management, and any open offer obligations under SEBI takeover rules should be monitored for an exit opportunity.