Sarda Proteins Ltd — Important, 01-01-1970: Company Update

Onix Renewable Limited, along with its associates, has announced a cash open offer to acquire up to 17.30 lakh equity shares of Sarda Proteins Limited. This represents 19.28% of Sarda Proteins' emerging voting capital. Public shareholders can tender their shares at ₹115.00 per share, totaling a maximum consideration of ₹19.90 crore. This offer was triggered after Onix Renewable and its associates converted warrants, increasing their stake in Sarda Proteins to 80.72%. The acquirers intend to maintain the company's listed status and will ensure compliance with public shareholding norms.