Saffron Capital Advisors Pvt. Ltd. ("Manager to the Offer") has submitted to BSE a copy of Draft Letter of Offer ("DLOF") for the attention of the public shareholders of Tejassvi Aaharam ....
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Saffron Capital Advisors, the manager to the open offer, has submitted the Draft Letter of Offer to BSE for an open offer on Tejassvi Aaharam Ltd (Scrip Code: 531628). The offer is by four acquirers — Prasanna Natarajan, Rajat Chakra Credit & Holdings Pvt Ltd, Sipping Spirits Pvt Ltd, and Saranga Investments & Consultancy Pvt Ltd — along with PAC Rajalakshmi Natarajan. They are buying up to 70,00,000 equity shares (26% of the post-transaction voting capital, or 12.04% eligible public shareholding) at ₹10 per share, totalling up to ₹7 crore. The underlying transaction involves a massive preferential issue of 5,11,62,204 shares that will expand the company's voting share capital from 70 lakh to about 5.82 crore shares. The open offer is scheduled to run from April 16, 2026 to April 29, 2026.
Public shareholders can tender their shares at ₹10 cash during the April 16–29, 2026 window; the offer is not conditional on minimum acceptance. The accompanying preferential issue will dilute existing public shareholders from 100% to roughly 12% of the expanded capital, signalling a major change in control and ownership structure of this small-cap, thinly-traded stock (marketable lot is just 1 share).