Sobhagya Capital Options Pvt Ltd ("Manager to the Offer") has submitted to BSE a copy of Offer Opening Public Announcement and Corrigendum of the Detailed Public Statement with respect ....
Awaiting price reaction for this filing.
Sobhagya Capital Options Pvt Ltd, acting as Manager to the Offer, has submitted a Pre-Offer Advertisement and Corrigendum to the Detailed Public Statement for an open offer on SRM Energy Limited. The offer is by Mr. Umesh Narpatchand Sanghvi and Mrs. Sapna Sanghvi to acquire up to 23,55,600 equity shares (26% of the equity share capital) from public shareholders at Rs. 10 per share in cash. The offer is being made under SEBI Takeover Regulations 2011. The Independent Directors Committee has recommended the offer price as fair and reasonable. The tendering period will now run from February 11, 2026 to February 25, 2026, with completion of payment by March 12, 2026.
Public shareholders of SRM Energy can tender their shares at Rs. 10 per share during the offer window from February 11 to February 25, 2026. The offer price remains unchanged and has been deemed fair by the company's independent directors.