Alchemist Corporation Ltd — Important, 02-09-2025: Company Update

Wallet Circle Technologies Limited launched a mandatory open offer for Alchemist Corporation Limited, seeking to acquire up to 12.72 lakh (25.89%) shares at ₹16 each. This follows Wallet Circle’s prior acquisition of a 74.11% stake for ₹2.19 Cr, leading to a change in company control and board reconstitution. The total offer consideration for public shares is up to ₹2.04 Cr. Wallet Circle aims to drive growth, enhance shareholder value, and has committed to ensure public shareholding compliance. An independent directors’ committee will provide its assessment to shareholders regarding the offer.