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

Acquirers, led by Mr. Hitesh Kothari, are making an open offer for Premier Capital Services (PREMCAP) to acquire up to 26.00% of its voting capital at ₹5.65 per share, totaling ₹5.44 Cr. While the initial agreement for 33.16% control was terminated by selling promoters, the acquirers remain obligated to proceed with this offer. If successful, the acquirers' stake in PREMCAP will rise to 59.16%, leading to a change in control. They intend to continue the company's dairy trading business and may diversify. PREMCAP has faced past regulatory non-compliances and reported a Q1 loss of ₹0.17 Cr.