Dolphin Medical Services Ltd — Important, 01-01-1970: Company Update

Acquirers Amarandhar Reddy Kotha and Mallour Rajesh Kumar have launched an open offer to acquire 39.26 Lakh equity shares of Dolphin Medical Services, representing 26% of its voting capital, at ₹4.80 per share, totaling ₹1.88 Crore. This follows their agreement to acquire 31.63 Lakh shares from existing promoters, aiming to gain control and continue the company's diagnostic and healthcare services. Post-offer, the acquirers would hold 46.95% of the voting capital, and current promoters will exit. The independent directors' committee will provide its assessment to public shareholders. The company reported audited annual revenue of ₹0.75 Crore and a profit of ₹0.04 Crore, with a net worth of ₹10.08 Crore for the last financial year.