Premier Capital Services Ltd — Important, 01-01-1970: Company Update

Acquirers have announced an open offer for 26% of Premier Capital Services (PREMCAP) shares at ₹5.65 each, totaling ₹5.44 Cr. However, the original share purchase agreement for 33.16% has been terminated by selling promoters. Acquirers are seeking legal opinion but are obligated to proceed with the offer, creating deal uncertainty. PREMCAP, a dairy trading firm, recently reported a ₹0.16 Cr net loss and faced past regulatory penalties up to ₹5 Lakh. Acquirers, with a combined net worth over ₹19 Cr, confirm adequate funding for the offer. Independent directors will provide their assessment for shareholders.