Tejassvi Aaharam Ltd — Important, 01-01-1970: Company Update

Acquirers are taking control of Tejassvi Aaharam Ltd. through a two-step process. First, the company's board recently approved a preferential issue of 4.22 Cr new equity shares, representing 72.55% of the expanded capital, in exchange for shares of Funk Foods Pvt Ltd, making it a subsidiary. Following this, an open offer has been launched for public shareholders to acquire up to 70 lakh (0.7 Cr) shares at ₹10 each, totaling ₹7 Cr. This move aims to secure management control. The company's independent directors will provide their views on the offer.