Saffron Capital Advisors Private Limited ("Manager to the Open Offer") has submitted to BSE a copy of Post Offer Advertisement under Regulation 18(12) of the Securities and Exchange Board ....
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Saffron Capital Advisors Private Limited, acting as Manager to an Open Offer, has submitted a Post Offer Advertisement (POA) dated May 23, 2026, published on May 25, 2026. The Open Offer is made by four Acquirers (Prasanna Natarajan, Rajat Chakra Credit & Holdings Pvt Ltd, Sipping Spirits Pvt Ltd, and Saranga Investments & Consultancy Pvt Ltd) along with Rajalakshmi Natarajan (PAC). They are offering to acquire up to 70 lakh equity shares of ₹10 each at ₹10 per share, aggregating ₹7 crore, representing 12.04% of the Emerging Voting Share Capital of Tejassvi Aaharam Ltd. The offer size is 12.04% because public shareholding stands at that level after excluding deemed PAC allottees from a preferential issue who are ineligible to participate under Regulation 7(6). The POA was published in Financial Express (English), Jansatta (Hindi), Makal Kural (Tamil), and Navshakti (Marathi).
This is a mandatory Open Offer under SEBI SAST Regulations following a substantial acquisition. The offer is at par value (₹10), indicating the acquirers are not offering a premium to current market price. Shareholders should note the tendering deadline and eligibility criteria carefully.