Chemo Pharma Laboratories Ltd — Updates, 01-01-1970: Company Update

M/s Atibha Agriseeds Private Limited has announced a board meeting to consider the financial results for the quarter and half-year and has made a mandatory open offer to acquire up to 3,90,000 shares (26% of voting capital) of Chemo Pharma Laboratories Limited from public shareholders at ₹110 per share, aggregating ₹4.29 Cr. The acquisition follows a Share Purchase Agreement to buy 4,18,281 shares (27.89%) at ₹100 per share, resulting in a change of control with the Acquirer becoming the promoter. No competing offer exists. The Acquirer has sufficient funds and has appointed representatives on the Target Company’s board. Public shareholders holding shares in physical or demat form can participate, subject to valid approvals and procedures. Tax implications apply based on individual circumstances, and shareholders are advised to consult their tax advisors.