CAComrade Appliances543921Open offer announcement

Open offer at INR 35 per share for 26.00% of expanded share capital

Four acquirers have made an open offer for the company.

By ScoutQuest · Tue 27 Oct 2026, 7:13 PM IST · 2 min read

Offer Price

INR 35 per equity share, payable in cash

Offer Size

up to 26,46,487 shares = 26.00% of expanded share capital

Offer Period

Opens December 08, 2026; closes December 21, 2026

A mandatory open offer for the company is now formally set out in a Draft Letter of Offer shared with SEBI through the Manager to the Offer.

What the offer says

• Four acquirers — Omnia Appliances Private Limited, Graphic Promoters and Developers Private Limited, Amaira Estate Advisors LLP and MLJ Aeternum LLP — collectively propose to acquire up to 26,46,487 equity shares.
• That is 26.00% of the expanded share capital, at an offer price of INR 35 per equity share, payable in cash.
• It is a triggered/mandatory offer under Regulation 3(1) and Regulation 4 of the SEBI (SAST) Regulations.
• The offer is not a competing offer, and the document states there is no competing offer till date.

The transaction behind the offer

• The board approved a preferential issue of 24,00,000 equity shares at INR 34 per share, proposed to be allotted to Acquirer 1 and Anadi Investments Private Limited.
• Mr. Mehboob Alam, a promoter group member, has entered into a share purchase agreement to sell 18,90,000 equity shares, equal to 24.30% of the pre-issue share capital.
• After the preferential issue, the expanded share capital is 1,01,78,795 equity shares.
• The acquirers state that no statutory or other approval is needed for this offer other than shareholder approval for the preferential issue.

Timetable of the offer

• Offer opens on December 08, 2026 and closes on December 21, 2026.
• Last date for a competing offer: November 12, 2026.
• Last date for the target company's board to give its recommendations: December 03, 2026.
• The offer price can be revised upward up to December 04, 2026.
• All requirements including payment of consideration to be completed by January 05, 2027.

What a retail shareholder should note

• The offer is not subject to any minimum level of acceptance.
• If validly tendered shares exceed the offer size, acceptance will be on a proportionate basis, so the entire tendered holding may not be accepted.
• Once shares are tendered, they cannot be withdrawn during the tendering period, even if acceptance or payment is delayed.
• A lien is marked on tendered demat shares; only the accepted quantity is debited and the lien on unaccepted shares is released.
• The acquirers state that public shareholding will fall below the minimum required and that they, along with the existing promoter and promoter group, will take steps to restore compliance within the time allowed.
• The document lists risk factors, including the possibility of delay or withdrawal of the offer if regulatory approvals do not come in time, and the acquirers make no assurance on the company's financial performance or on share price.

Nothing here is a view, opinion or recommendation of ScoutQuest, its parent, directors or employees. ScoutQuest is a technology company: this page was assembled automatically from public sources using artificial intelligence, and may contain errors or omissions. Confirm everything against the original source before you act on it. Any use of this page is at your own risk, and neither ScoutQuest nor its parent, directors or employees accepts liability for it.

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