An open offer has been formally submitted to the shareholders of Comrade Appliances Limited. The offer is made by Omnia Appliances Private Limited, Graphic Promoters and Developers Private Limited, Amaira Estate Advisors LLP, and MLJ Aeternum LLP. They propose to acquire up to 26,46,487 equity shares, representing 26.00% of the expanded share capital, at a price of ₹35 per share.
Open Offer to Comrade Appliances Shareholders
A significant corporate action is underway concerning Comrade Appliances Limited (CAL), as outlined in a draft letter of offer. The offer is being made by a consortium of four entities: Omnia Appliances Private Limited (Acquirer 1), Graphic Promoters and Developers Private Limited (Acquirer 2), Amaira Estate Advisors LLP (Acquirer 3), and MLJ Aeternum LLP (Acquirer 4), collectively referred to as the ‘Acquirers’.
Offer Details
The Acquirers intend to acquire up to 26,46,487 equity shares of Comrade Appliances Limited. This represents approximately 26.00% of the company’s expanded share capital. The offer price has been set at ₹35.00 per equity share, payable in cash. This open offer is being conducted in compliance with the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.
The offer period is scheduled to commence on December 08, 2026, and will close on December 21, 2026. This offer is not subject to any minimum level of acceptance.
Background of the Offer
The obligation to make this open offer has been triggered by the Acquirers’ intention to acquire substantial shares and control over Comrade Appliances Limited. This includes a preferential issue of equity shares and a share purchase agreement, which together necessitate this open offer to public shareholders.
Manager and Registrar
Corporate Professionals Capital Private Limited is acting as the Manager to the Offer, and Beetal Financial & Computer Services Private Limited is the Registrar to the Offer. All future correspondence should be addressed to them.
Source: BSE
