Navigant Corporate Advisors Ltd ("Manager to the Offer") has submitted to BSE a copy of Corrigendum to the Detailed Public Statement for attention to the Shareholders of Simandhar Impex ....
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Farmico International Private Limited is making an open offer to buy up to 7,75,310 equity shares (25.36% of share capital) of Simandhar Impex Ltd at Rs. 30 per share, under SEBI Takeover Regulations. The filing is a corrigendum to the earlier Detailed Public Statement, mainly updating the timeline of the offer. The original schedule has been pushed back by roughly 5-6 weeks, with SEBI comments received on March 30, 2026. The revised offer opens on April 20, 2026 and closes on May 4, 2026, with payment expected by May 18, 2026. The offer price and size remain unchanged from the original announcement.
Shareholders now have a clearer updated timeline for tendering their shares in the open offer at Rs. 30 per share. The price of Rs. 30 may act as a near-term reference price for the stock, with potential price movement as the offer window approaches.