Pre-offer advertisement and corrigendum submitted for open offer of up to 3,90,06,240 shares (26%)

Open offer to RGF Capital Markets shareholders for up to 3,90,06,240 equity shares — 26.00% of the voting share capital.

Mon 12 Oct 2026

Offer Size

up to 3,90,06,240 equity shares

Offer Size (% of Voting Capital)

26.00% of the voting share capital

Number of Acquirers

Nine acquirers acting together

Pre-offer advertisement and corrigendum submitted

Kunvarji Finstock Pvt Ltd has submitted to BSE and the Calcutta Stock Exchange a copy of the pre-offer advertisement and a corrigendum to the Detailed Public Statement and Draft Letter of Offer. The submission relates to an open offer being made to the shareholders of RGF Capital Markets Limited. The advertisement was published on October 12, 2026 in The Financial Express, Jansatta, Pratahkal and Arthik Lipi.

What the offer covers

• The offer is for the acquisition of up to 3,90,06,240 equity shares of the target company.
• That is 26.00% of its voting share capital.
• The offer is made on behalf of nine acquirers acting together: Mr. Nishad Jitendra Shah, M/s Nishad Jitendra Shah HUF, Ms. Rajshree Nishad Shah, Mr. Parshwa Nishad Shah, Ms. Payal Paras Shah, M/s Trupti Management Services Private Limited, M/s Rocksold Investment, M/s Rocksold Enterprise and M/s Rockthree Framework LLP.

What a corrigendum means

A corrigendum is a correction or update to something published earlier. Here it goes with the Detailed Public Statement and the Draft Letter of Offer issued for this open offer, so those documents are to be read along with it.

What an open offer means for a shareholder

When acquirers reach certain shareholding levels in a listed company, the takeover rules require them to give existing shareholders an opportunity to exit. This is done through an open offer, in which shareholders are invited to sell their shares to the acquirer at the offer price. A shareholder may choose to take part in the offer or not; that choice depends on personal circumstances.

Points to keep in mind

• An open offer by itself does not change a shareholder's holding. Shares move only if the shareholder tenders them as per the terms of the offer.
• The outcome for a shareholder depends on the offer price, the number of shares accepted and the conditions set out in the letter of offer.
• Shareholders who wish to act should read the offer documents and follow the dates and instructions given in them.

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