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SIMANDHAR IMPEX LIMITED M&A Activity 2026
63056_rns_2026-05-11_56a4100f-0a3f-41b2-bfcb-1017476a0a5a.pdf
M&A Activity
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Navigant
NAVIGANT CORPORATE ADVISORS LIMITED
Regd. Office: 804, Meadows, Bonanza, Sahar Plaza Complex, J B Nagar, Andheri-Kurla Road, Andheri (East) Mumbai-400 059; Tel: +91-22-4120 4837 / +91 22 4973 5078
Email: [email protected]; Website: www.navigantcorp.com (CIN: L67190MH2012PLC231304)
Date: 11.05.2026
The Manager
Dept. of Corporate Services
BSE Limited,
Phiroze Jeejeebhoy Towers,
Dalal Street, Fort
Mumbai - 400 001
Sub: Submission of Post Offer Advertisement in terms of Regulation 18(12) of SEBI SAST (Regulations), 2011 of Simandhar Impex Limited (BSE Code: 544662)
Ref.: Open Offer to acquire upto 7,75,310 equity shares of Rs. 10/- each at a price of Rs. 30/- per fully paid-up Equity Share of Simandhar Impex Limited ('Target Company') representing 25.36% of the fully paid up and voting share capital by Farmico International Private Limited (hereinafter referred to as "the Acquirer")
Dear Sir,
This is with reference to the above please find the Post Offer Advertisement in terms of Regulation 18(12) of SEBI SAST (Regulations), 2011 hard and soft copy being issued by us on behalf of captioned Acquirer with regard to open offer for acquisition of Equity Shares of Simandhar Impex Limited ('Target Company') by Acquirer which was published on 11th May, 2026 in Financial Express - English Daily (all editions); Jansatta - Hindi Daily (all editions); Pratahkaal - Marathi Daily (Mumbai edition).
We certify that the contents of the PDF format in soft copy are identical with the hard copy of Post Offer Advertisement.
Thanks & Regards,
For Navigant Corporate Advisors Limited
Sarthak Vijiani
Managing Director
POST OFFER ADVERTISEMENT TO THE EQUITY SHAREHOLDERS OF
SIMANDHAR IMPEX LIMITED
(SII /TARGET COMPANY/TC)
(Corporate Identification No. U46498MHZ023PLC415552)
Registered Office: 811, A Wing, Jaswanti Allied, Business Center, Kanchgada, Malad West, Mumbai, Maharashtra-400984; Phone No.: +91-9082258451; Email id: [email protected]; Website: www.simandharimpex.com
Open offer for acquisition of 7,75,310 Equity Shares of Rs. 10/- each representing 25.36%* of the equity and voting share capital of the Target Company by M/s. Farmico International Private Limited (Acquirer).
*As per the SEBI (SAST) Regulations, the Open Offer under Regulations 3(1) & 4 is required to be given for at least 26.00% of the voting share capital of the Target Company. However, the shareholding of the Public Shareholders as on date of the Public Announcement is 25.36% and therefore the Offer represent 25.36% of the voting share capital of the Target Company
This Post offer Advertisement is being issued by Navigant Corporate Advisors Limited, The Manager to the offer, on behalf of the Acquirer, in connection with the offer made by the Acquirer in compliance with regulation 18(12) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulation, 2011 and subsequent amendments thereto ("SEBI (SAST) Regulation, 2011").
The Detailed public statement ("DPS") pursuant to the Public Announcement ("PA") made by the Acquirer has appeared in Financial Express - English Daily (all editions); Jansatta - Hindi Daily (all editions); Pratahkal - Marathi Daily (Mumbai edition) on January 22, 2026.
- Name of the Target Company : Simandhar Impex Limited
- Name of the Acquirer : M/s. Farmico International Private Limited
- Name of the Manager to the offer : Navigant Corporate Advisors Limited
- Name of the Register to the officer : Bigshare Services Private Limited
- Offer details
a) Date of Opening of the Offer : Monday, 20th April, 2026
b) Date of the Closing of the offer : Monday, 04th May, 2026 - Date of Payment of Consideration : Not Applicable since no shares tendered in the Open Offer
- Details of the Acquisition
| S.N. | Particulars | Proposed in the Offer Document | Actual | ||
|---|---|---|---|---|---|
| 7.1. | Offer Price | Rs. 30.00 per Equity Share | Rs. 30.00 per Equity Share | ||
| 7.2. | Aggregate number of Shares tendered | 7,75,310 | Nil | ||
| 7.3. | Aggregate number of Shares accepted | 7,75,310 | Nil | ||
| 7.4. | Size of the offer | ||||
| (Numbers of shares multiplied by Offer price per share) | Rs. 2,32,59,300 | Nil | |||
| 7.5. | Shareholding of the Acquirer before Share Purchase Agreement (SPA) and Public Announcement (No. & %) | Nil | |||
| (0.00%) | Nil | ||||
| (0.00%) | |||||
| 7.6. | Shares Acquired by way of Share Purchase Agreement (SPA) | ||||
| • Number | |||||
| • % Fully Diluted Equity Share Capital | 22,81,615 | ||||
| (74.64%) | 22,81,615 | ||||
| (74.64%) | |||||
| 7.7. | Shares Acquired by way of Open offer | ||||
| • Number | |||||
| • % Fully Diluted Equity Share Capital | 7,75,310 | ||||
| (25.36%) | Nil | ||||
| (0.00%) | |||||
| 7.8. | Shares Acquired after detailed Public Statement | ||||
| • Number of Shares acquired | |||||
| • Price of the shares acquired | |||||
| • % of the shares acquired | Not Applicable | Not Applicable | |||
| 7.9. | Post offer Shareholding of Acquirer | ||||
| • Number | |||||
| • % Fully Diluted Equity Share Capital | 30,56,925 | ||||
| (100.00%) | 22,81,615 | ||||
| (74.64%) | |||||
| 7.10. | Pre and Post Offer Shareholding of Public Shareholders | ||||
| • Number | |||||
| • % Fully Diluted Equity Share Capital | Pre Offer | Post Offer | Pre Offer | Post offer | |
| 7,75,310 | NIL | 7,75,310 | 7,75,310 | ||
| (25.36%) | (0.00%) | (25.36%) | (25.36%) |
Note: Pursuant to this Offer and the transactions contemplated in the SPA, the Acquirer shall become the Promoter of the Target Company and, the existing promoter and promoter group will cease to be the promoter of the Target Company and shall be classified as a public shareholder in accordance with the provisions of Regulation 31A (10) of the SEBI (LODR) Regulations.
8. The Acquirer accepts full responsibility for the information contained in this Post Offer Advertisement and also for the fulfillment of his obligations as laid down by SEBI (SAST) Regulations, 2011.
9. A copy of this Post Offer Advertisement will be available on the website of SEBI.
10. Capitalized terms used in this advertisement and not define herein, shall have same meaning assigned to them in the Letter of Offer dated 04.04.2026.
ISSUED BY MANAGER TO THE OFFER FOR AND ON BEHALF OF THE ACQUIRER
Navigant
NAVIGANT CORPORATE ADVISORS LIMITED
804, Meadows, Sahar Plaza Complex, J B Nagar, Andheri Kurla Road, Andheri East, Mumbai - 400059.
Tel No. +91 22 4120 4837 / 4973 5078
Email id: [email protected] Website: www.navigantcorp.com
SEBI Registration No: INM000012243 Contact person: Mr. Sarthak Vijani
Place: Mumbai
Date: May 09, 2026
Navigant Comm