Net Pix Shorts Digital Media Ltd — Important, 01-01-1970: Company Update

Mr. Ritesh Tiwari and Mrs. Alka Tiwari have launched an open offer to acquire 8,32,016 shares of Net Pix Shorts Digital Media Limited (26% of equity) at ₹32 per share. This offer follows their prior agreement to acquire a 71.87% stake from a promoter for 6.90 Cr (₹30/share). The ₹32 offer price is notably above the company's book value of ₹18.10 and certified fair value of ₹18.32. With full acceptance, acquirers will gain management control, holding 97.87% of shares, and aim for business synergies. They commit to public shareholding compliance. An independent directors' committee will issue a reasoned opinion.