Swaraj Shares and Securities Pvt Ltd ("Manager to the Offer") has submitted to BSE a copy of Pre-Offer Advertisement and Corrigendum to the Detailed Public Statement and the Letter of Offer ....
Awaiting price reaction for this filing.
An open offer has been announced to acquire up to 9,25,782 shares (26% of voting capital) of Rishab Special Yarns Ltd from public shareholders at ₹13.00 per share, with maximum total consideration of approximately ₹1.20 crore. The offer is triggered by indirect and direct acquisitions by Mr. Vatsal Agarwaal and M/s Nextera Global Private Limited (along with PAC Ms. Manavika Agarwal) under SEBI Takeover Regulations. The underlying transactions include a direct acquisition of 15,74,970 shares (44.23% of voting capital) at less than ₹10 per share via a Share Purchase Agreement dated October 17, 2024. Swaraj Shares and Securities Pvt Ltd is acting as the Manager to the Offer, and the pre-offer advertisement was published on November 13, 2025 in Financial Express, Jansatta, and Mumbai Lakshadeep.
Public shareholders of Rishab Special Yarns Ltd can tender their shares at ₹13.00 per share until the offer window closes. The offer signals a change in control of the company, and shareholders should evaluate whether to participate based on the offer price versus market price.