Navigant Corporate Advisors Ltd ("Manager to the Offer") has submitted to BSE a copy of Public Announcement under Regulation 3(1), Regulation 4 read with Regulation 15 (1) and Regulation ....
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Farmico International Private Limited has launched a mandatory open offer to buy up to 7,75,310 shares (25.36%) of Simandhar Impex Limited at Rs. 30 per share, totaling around Rs. 2.33 crore in cash. This follows a Share Purchase Agreement signed on January 14, 2026, under which Farmico is buying a 74.64% controlling stake (22,81,615 shares) from the existing promoter group (the Vora family and associated entities) at the same Rs. 30 per share price, valued at roughly Rs. 6.84 crore. Once the deal closes, Farmico will become the new promoter of the company and the existing promoters will be reclassified as public shareholders. The stock is classified as infrequently traded on BSE, making this open offer a key liquidity window for existing public investors. A Detailed Public Statement will be published in newspapers by January 22, 2026.
The Rs. 30 offer price sets a near-term price floor for the stock. Public shareholders get a guaranteed cash exit opportunity — important since shares are thinly traded — while this also marks a full change of control with Farmico taking over as the new promoter.