We write to inform you that the company is in receipt of draft letter of offer dated June 12, 2025 in relation to the open offer to the public shareholders of the company made by the Saffron ....
Awaiting price reaction for this filing.
Shamrock Industrial Company has received a Draft Letter of Offer dated June 12, 2025 for a mandatory open offer to its public shareholders. A group of four acquirers — Lotus Excel Wealth Creators LLP, HODL Systems LLP, Bagepalli Vijaykumar Harish and Rattan Kapoor — are seeking to acquire up to 36,30,190 equity shares (26% of the emerging voting share capital) at a price of ₹16.40 per share, aggregating up to about ₹5.95 crore in cash. The open offer has been triggered under SEBI Takeover Regulations due to a change in control, supported by a Share Purchase Agreement with the existing promoters and a proposed preferential issue of equity shares and optionally convertible debentures to the acquirers. The tendering window for public shareholders is scheduled from July 21, 2025 to August 1, 2025.
Public shareholders now have a clear cash exit opportunity at ₹16.40 per share, which may act as a floor for the stock price. The offer signals an impending change in control of the company, with new promoter group taking over through a combination of preferential allotment and open market purchase.