N2N Technologies Ltd — Important, 01-01-1970: Company Update

Harmony Remedies India Private Limited has launched an Open Offer to acquire up to 12,91,228 equity shares (40.00% of voting capital) of N2N Technologies Limited at ₹4.30 per share in cash. The offer is valued at approximately ₹0.55 Cr, fully secured by an escrow deposit of ₹0.56 Cr. This move aims for management control, with plans to diversify N2N Technologies into the pharmaceutical sector. N2N Technologies shares are currently suspended; an application for revocation has been filed. Post-offer, public shareholding will fall to 9.63%, and the Acquirer commits to restore compliance within 12 months. An independent directors' committee will provide its view on the offer to shareholders.