Identified Date Fixed for Sending Letter of Offer in Open Offer for 26% Stake
Open Offer update: the Manager to the Offer has fixed Monday, September 28, 2026 as the Identified Date — shareholders on record that day will be sent the Letter of Offer.
By ScoutQuest · · 1 min read
- Identified Date
- Monday, September 28, 2026
- Shares Offered
- up to 3,90,06,240 equity shares
- Face Value
- ₹1/- each
- Stake Percentage
- 26.00% of voting share capital
- Lead Acquirer
- Mr. Nishad Jitendra Shah and eight other acquirers
What was shared
The Manager to the Open Offer, Kunvarji Finstock Private Limited, has told BSE and the Calcutta Stock Exchange that the Identified Date is fixed as Monday, September 28, 2026.
The Identified Date is simply the cut-off used to draw up the list of shareholders to whom the Letter of Offer will be dispatched, under regulation 18(2) of the SEBI Takeover Regulations.
The Open Offer in numbers
- Shares proposed to be acquired: up to 3,90,06,240 equity shares
- Face value: ₹1/- each
- Stake: 26.00% of the Voting Share Capital
Who is acquiring
Nine Acquirers acting collectively: Mr. Nishad Jitendra Shah, Nishad Jitendra Shah HUF, Ms. Rajshree N. Shah, Mr. Parshwa N. Shah, Ms. Payal Paras Shah, Trupti Management Services Private Limited, Rocksolid Investment, Rocksolid Enterprise and Rockthree Framework LLP.
Sequence so far
- Public Announcement dated March 10, 2026
- Detailed Public Statement published March 17, 2026
- Draft Letter of Offer dated March 24, 2026
- This intimation dated 24/09/2026
What it means for shareholders
Being on the list as of the Identified Date relates to dispatch of the Letter of Offer. Shareholders who acquire shares later can still participate in the Open Offer by following the procedure set out in the Letter of Offer.
Also from RGF Capital Markets
Board approved internal auditor for FY 2026-27; unaudited H1 net loss at Rs. 36.90 lakh
23 Oct 2026
Board approves unaudited H1 FY27 results, appoints internal auditor; authorised share capital increased
23 Oct 2026
Board meeting on 23 Oct 2026 to consider, approve standalone unaudited results for quarter, half year ended 30 Sep 2026
16 Oct 2026
More numbers
- Shares under Open Offer3,90,06,240
- Stake offered for26.00%
- Face value per share₹1/-
- Number of Acquirersnine
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.