Jetmall Spices and Masala Ltd — Updates, 01-01-1970: Company Update

Jetmall Spices and Masala Limited’s promoters led by Mr. Bharat Kumar Pukhraj are exiting by selling 20.10% equity (12.04 lakh shares) at ₹11/share under a Share Purchase Agreement with Mr. Raman Aggarwal, Mrs. Anju Aggarwal, and Mr. Shrey Aggarwal (“Acquirers”). The Acquirers currently hold 15.22% and plan to acquire an additional 20.10%, triggering an open offer for 26.03% at ₹12.50/share, totaling ₹1.95 Cr, to gain majority control. The Acquirers intend to maintain existing business operations with possible expansion and strengthening of the board. The company is listed on BSE SME and had revenue of ₹73.55 lakh with a loss of ₹74.49 lakh in FY25. The open offer will be conducted via a stock exchange window, allowing physical and demat shares tendering. Tax implications vary by shareholder status, and shareholders must consult advisors accordingly.