Kuber Udyog Ltd — Important, 01-01-1970: Company Update

Systematix Corporate Services Limited has filed the Draft Letter of Offer for an open offer in Kuber Udyog. Acquirers aim to buy up to 3.20 crore shares at ₹23.35 each, representing 26% of Kuber Udyog's expanded capital. This follows Kuber Udyog's move to acquire Golden Ikon, pivoting its business from NBFC to fleet management, alongside a proposed name change to "Golden Ikon Mobility Limited." For the latest quarter, Kuber Udyog reported a profit of ₹0.22 crore on ₹0.34 crore total income. This offer provides public shareholders an opportunity to tender shares as the company transforms.