Dolphin Medical Services Ltd — Important, 15-05-2026: Company Update

Amarandhar Reddy Kotha and Mallour Rajesh Kumar have initiated an open offer for Dolphin Medical Services Limited. They aim to acquire up to 39.26 lakh (26.00%) equity shares from public shareholders at ₹4.80 per share, totaling ₹1.88 Cr. This open offer was triggered by their prior acquisition of 31.63 lakh (20.95%) shares from existing promoters for ₹0.57 Cr. If the open offer is fully subscribed, the acquirers will collectively hold 46.96% of the company, gaining control and becoming its new promoters. This provides public shareholders an opportunity to tender their shares.