Shree Pacetronix Ltd — Important, 01-01-1970: Company Update

Shree Pacetronix Limited's board has announced a meeting where they approved a preferential issue of shares and warrants to Acquirer Akash Sethi and Persons Acting in Concert (PACs). This move, costing ₹2.43 Cr, triggers a mandatory open offer for public shareholders to acquire up to 9.75 lakh shares at ₹100 per share, totaling ₹9.75 Cr. The Acquirer and PACs, already promoters, aim to consolidate their holding, which would rise from 24.25% to 55.09% post-offer (assuming full acceptance and warrant conversion). The company's listing status will be retained, and minimum public shareholding maintained. For the quarter ended June 30, 2025, the company reported revenue of ₹5.34 Cr and a profit after tax of ₹0.66 Cr. The independent directors' committee will provide its view on the offer.