Filtron Engineers Ltd — Important, 01-01-1970: Company Update

Filtron Engineers is undergoing a change of control with an open offer from Tarak Bipinchandra Gor and Jayesh Sheshmal Rawal. The acquirers bought 52.29% of existing shares at Rs. 7.00/share and the Board approved a preferential share allotment. These moves grant the acquirers 73% of the company's emerging capital. They are offering to buy an additional 26% from public shareholders at Rs. 10.00/share, a Rs. 16.51 Cr offer. The goal is to expand Filtron's business, and Independent Directors will provide their reasoned views to shareholders.