The Exchange has received the disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Farmico International Pvt Ltd
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Farmico International Private Limited has acquired 22,81,615 equity shares (74.64% of total share capital) of Simandhar Impex Limited from the existing Promoter and Promoter Group of the target company. The acquisition was completed on May 21, 2026 pursuant to a Share Purchase Agreement dated January 14, 2026. Prior to this transaction, Farmico held zero shares in Simandhar Impex. After the acquisition, Farmico International now holds 74.64% of the total equity share capital of 30,56,925 shares. Farmico has confirmed it has no Persons Acting in Concert (PAC) in this acquisition. The acquisition was an inter-se transfer (off-market/private purchase) between promoters rather than open market purchase.
This is a change of control transaction where Farmico International becomes the new majority shareholder/promoter of Simandhar Impex with 74.64% stake. Shareholders should note this triggers open offer requirements under SAST regulations if applicable. The significant ownership change may impact the company's future governance and strategic direction.