Shamrock Industrial Company Ltd — Updates, 12-06-2025: Company Update

Shamrock Industrial Company has announced a board meeting to consider a preferential issue and an open offer. Lotus Excel Wealth Creators LLP, HODL Systems LLP, Bagepalli Vijaykumar Harish, and Rattan Kapoor (collectively, the Acquirers) plan to acquire up to 36.3 lakh shares (26% of emerging voting capital) at ₹16.40 per share, totaling ₹5.95 Cr, via an open offer. This follows the Acquirers agreeing to acquire 16.37 lakh shares (approx. 12% of emerging capital) from existing promoters and a preferential allotment of 58.75 lakh shares plus 76 lakh optionally convertible debentures (OCDs). Post-transaction, the Acquirers will control ~54% and become promoters. The Target Company has not operated any business for 10 years and plans to amend its memorandum to enter technology and digital asset services. The financials show losses over the last three years. The open offer is through BSE’s acquisition window, with tendering available for both demat and physical shares. The offer price is supported by a registered valuer’s report and is payable in cash. Shareholders should note acceptance is final and tax implications vary by status.