Sobhagya Capital Options Pvt Ltd ("Manager to the Offer") has submitted to BSE a copy of Letter of Offer to the Public Shareholders of Filtron Engineers Ltd ("Target Company").
Awaiting price reaction for this filing.
Filtron Engineers Ltd (BSE: 531191) has received the Letter of Offer dated December 17, 2025, from Sobhagya Capital Options Pvt Ltd, the Manager to the Offer, for a mandatory open offer by acquirers Mr. Tarak Bipinchandra Gor and Mr. Jayesh Sheshmal Rawal. The offer is for acquisition of up to 1,65,14,290 equity shares (26% of emerging voting share capital) at ₹10 per share in cash. The open offer has been triggered under SEBI Takeover Regulations due to a Share Purchase Agreement for 13,68,250 shares from existing promoters and a preferential allotment of 4,50,00,000 shares (70.85% of emerging capital) to the acquirers via a share swap involving Gabrielle Infra Speciality Pvt Ltd, resulting in a change of control. The offer opens on December 24, 2025, and closes on January 7, 2026, with payment scheduled by January 21, 2026.
This is a mandatory open offer triggered by a change in control of Filtron Engineers Ltd. Public shareholders can tender their shares at ₹10 per share during the December 24, 2025 to January 7, 2026 window. The post-transaction public shareholding may fall below the 25% minimum required for continued listing, meaning the acquirers will need to take corrective action.