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

Onix Renewable Ltd. and its associates have launched an open offer to acquire 17,30,400 Sarda Proteins shares, representing 19.28% of the company's emerging voting capital, at ₹115.00 per share, payable in cash. The Independent Directors' view is that the offer price is fair and reasonable. This offer was prompted by the conversion of warrants, which boosted promoter shareholding to 80.72%, requiring a public offer under market rules. Investors can tender their shares during the upcoming tendering period. Notably, Sarda Proteins' shares are under Stage IV of the Graded Surveillance Measure. The acquirer's net worth is ₹789.51 Cr.