Shantai Industries Ltd — Important, 01-01-1970: Company Update

Radhe Dhokla Private Limited and four individuals have launched an Open Offer to acquire up to 25.60% of Shantai Industries' voting shares at ₹ 21 per share, totaling ₹ 4.03 Crore. This follows their acquisition of 74.40% from current promoters for ₹ 6.42 Crore, transferring control. The new management aims to boost operational efficiency and explore business diversification. Independent directors will provide their assessment on the offer for shareholders. The company reported a loss of ₹ 0.91 Crore for the nine-month period ending December 31, 2025. Acquirers have made firm financial arrangements, including an escrow deposit of ₹ 1.01 Crore.