Navigant Corporate Advisors Ltd ("Manager to the Offer") has submitted to BSE a copy of Post Offer Advertisement to the Equity Shareholders of Simandhar Impex Ltd ("Target Company").
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Farmico International Private Limited completed an open offer to acquire up to 7,75,310 equity shares (25.36%) of Simandhar Impex Ltd at Rs. 30 per share. The offer, which opened on April 20, 2026 and closed on May 4, 2026, received zero tendered shares from public shareholders. The acquirer had already acquired 22,81,615 shares (74.64%) via a Share Purchase Agreement prior to the open offer. As a result, the acquirer's post-offer holding remains at 74.64% with no additional shares from the open offer. The total offer size was Rs. 2.33 crore but actual acquisition was nil. Following this transaction, Farmico International becomes the new promoter of Simandhar Impex, while the existing promoter group is reclassified as public shareholders.
The open offer was completely undersubscribed (0% acceptance rate), indicating public shareholders did not tender their shares at Rs. 30. The acquirer maintains majority control at 74.64% without increasing its stake. Existing public shareholders remain at 25.36% and will now be classified as public shareholders under SEBI regulations.