Saffron Capital Advisors Private Limited ("Manager to the Open Offer") has submitted to BSE a copy of Offer Opening Public Announcement under Regulation 18(7) of the Securities and Exchange ....
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Saffron Capital Advisors, the Manager to the Open Offer, has submitted the Offer Opening Public Announcement under SEBI (SAST) Regulations to BSE for Tejassvi Aaharam Limited. The acquirers — Prasanna Natarajan along with three corporate entities (Rajat Chakra Credit & Holdings, Sipping Spirits, and Saranga Investments & Consultancy) and PAC Rajalakshmi Natarajan — are making a mandatory open offer to acquire up to 70 lakh equity shares (12.04% of emerging voting share capital) at ₹10 per share, aggregating up to ₹7 crore. The offer size is 12.04% instead of the standard 26% because eligible public shareholding post the preferential issue is only 12.04%. The tendering period runs from April 28, 2026 to May 12, 2026. The Independent Directors Committee has recommended the offer as fair and reasonable.
Public shareholders of Tejassvi Aaharam can tender their shares at ₹10 per share during the tendering window (April 28 – May 12, 2026). The offer price equals the face value with no revision, suggesting limited premium. The acquirers intend to drive a turnaround in the company's food business, which signals potential strategic changes ahead for shareholders.