Accord Synergy Limited has established June 10, 2026 as the record date to identify shareholders entitled to receive the Letter of Offer for a proposed open offer. Dr. Farukhbhai Gulambhai Patel, acting as the acquirer alongside Person Acting in Concert Mr. Muinulhaque Iqbalhusen Kadva, intends to purchase up to 9,72,500 fully paid-up equity shares. This acquisition represents 25.12% of the emerging voting equity share capital of the target company.

The offer price has been set at ₹42.35 per equity share, with each share holding a face value of ₹10. The open offer is being conducted in accordance with Regulation 3(1) and Regulation 4 read with Regulation 7(1) of the SEBI (Substantial Acquisition of Shares and Takeover) Regulations, 2011. The specific offer size of 25.12% reflects the current public shareholding of the Target Company relative to the emerging voting equity share capital.

Rarever Financial Advisors Private Limited is acting as the Manager to the Offer. The firm confirmed the identified date in compliance with regulation 18(2) of the SEBI (SAST) Regulations, 2011. This regulation mandates the fixation of a date to determine the names of shareholders as on that specific date to whom the Letter of Offer would be sent.

The timeline for the transaction follows a Public Announcement dated May 06, 2026, a Detailed Public Statement published on May 13, 2026, and a Draft Letter of Offer dated May 20, 2026. The offer aims to acquire shares from the public shareholders of the target company.

Key Offer Details

Accord Synergy Limited secured shareholder approval for the preferential issue of 4,00,000 equity shares during an Extra Ordinary General Meeting held on June 3, 2026. The special resolution, which was the sole agenda item, authorized the issuance for consideration in cash, receiving unanimous support from the votes cast.

The meeting commenced at 12:30 p.m. and concluded at 01:05 p.m., utilizing video conferencing and other audio-visual means. The voting process combined remote e-voting and electronic voting facilities available to shareholders present via video conferencing. National Securities Depository Limited (NSDL) was appointed as the agency to facilitate the e-voting process during the meeting.

Shareholders holding shares as of the cut-off date of May 27, 2026, were eligible to vote on the resolution. The remote e-voting window was open from May 31, 2026, at 9.00 a.m. until June 2, 2026, at 5.00 p.m. The votes were unblocked on June 03, 2026, at 01:05 p.m. in the presence of two witnesses, Ms. Neha Soni and Mr. Malav Bhavsar, who are not employed by the company.

Chirag Shah, a Practicing Company Secretary, served as the Scrutinizer for the meeting. The consolidated report confirmed that the resolution received 100% approval from the valid votes cast. Mrs. Drashti Gandhi, Company Secretary, submitted the filing to the National Stock Exchange of India Limited pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Voting Results

The following table details the voting outcome for the special resolution regarding the preferential issue: