PH Capital has informed that Board of Directors of the Company, at their meeting held on June 05, 2026, have approved the following items: The Open Offer made by Aditya Himmat Bhansali (hereinafter referred to as Acquirer) for the acquisition of 7,80,086 equity shares through the Letter of Offer dated May 08, 2026 issued under the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 (hereinafter referred to as SAST Regulations has been successfully completed. In furtherance of the successful completion of the aforementioned Open Offer the Share Purchase Agreement entered into by the Acquirer has also been consummated and accordingly as intended the following Promoters are seeking re-classification (hereinafter referred to as ‘Outgoing Promoters’) as intended in the Letter of Offer dated May 08, 2026 and in accordance with Regulation 31A(10) of the Listing Regulations. Further pursuant to the completion of Open Offer by the Acquirer, the Acquirer is classified as the Promoter of the Company in terms of the Regulation 31A(10) of Listing Regulations, with immediate effect. After considering the recommendations of the Nomination & Remuneration Committee and the Audit Committee, the Board of Directors have approved the appointments and noted the resignations due to completion of the open offer of the Company and resultant change in management and control of the Company.
The above information is a part of company’s filings submitted to BSE.
