We wish to inform you that we are enclosing herewith a copy of the "Reminder Advertisement" issued by way of newspaper advertisements published today i.e, September 17, 2025 issued by Saffron ....
Awaiting price reaction for this filing.
Alchemist Corporation Ltd has submitted a copy of a 'Reminder Advertisement' published in newspapers (Financial Express, Jansatta, Pratahkal) on September 17, 2025. The ad relates to an Open Offer by Wallet Circle Technologies Ltd (the Acquirer) to buy up to 12,72,133 fully paid equity shares (face value ₹10) from public shareholders, representing 25.89% of the total voting share capital. The offer price is ₹16 per equity share, payable in cash. Saffron Capital Advisors Pvt Ltd is acting as the Manager to the Offer. The offer is being made under SEBI (SAST) Regulations, 2011, and the size is slightly below the usual 26% threshold because no additional public shares remain beyond the 25.89% currently held by the public.
Public shareholders of Alchemist Corporation can tender their shares at ₹16 each in cash until the end of the tendering period. Shareholders should weigh this offer price against the prevailing market price and their own investment goals before deciding to tender.