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

Acquirers Mr. Amarandhar Reddy Kotha and Mr. Mallour Rajesh Kumar have announced an Open Offer to purchase 39,25,988 equity shares of Dolphin Medical Services Limited, representing 26% of its paid-up capital, at ₹4.80 per share in cash. The Committee of Independent Directors views this offer price as fair and reasonable, and the acquirers have deposited over 100% of the total consideration, amounting to ₹1.90 Cr, into an escrow account. This Open Offer allows public shareholders to tender their shares, with the tendering period running from July 31 to August 13.