A consortium of acquirers has published the Detailed Public Statement (DPS) for a mandatory open offer to purchase up to 1,52,880 equity shares of Devinsu Trading , representing 26.00% of the company's voting share capital. The offer price has been fixed at ₹355.00 per share, resulting in a total maximum consideration of ₹5,42,72,400 payable in cash. The offer was triggered pursuant to Regulations 3(1) and 4 of the SEBI (Substantial Acquisition of Shares and Takeover) Regulations, 2011, following an agreement to acquire 1,71,493 equity shares from the existing promoter.

The acquirers include Mr. Jaison Vijay Shah, Mr. Mukesh Kumar Bothra, and Yora Gems & Jewellery Private Limited. The underlying transaction involves the acquisition of 1,71,493 equity shares, representing 29.17% of the voting share capital, from Mr. Denis Desai at ₹355.00 per share, aggregating to ₹6,08,80,015. This acquisition will result in a change of control of the target company. The acquirers have confirmed they possess adequate financial resources and do not intend to delist the equity shares of Devinsu Trading Limited pursuant to this open offer.

Offer Timeline

The tendering period for the open offer is scheduled to commence on July 14, 2026, and conclude on July 27, 2026. The Letter of Offer will be dispatched to eligible shareholders by July 7, 2026. The detailed public statement was published in Business Standard (English and Hindi) and Navshakti (Marathi) on May 27, 2026. The offer is not conditional upon any minimum level of acceptance.

Transaction Structure

The open offer is a triggered mandatory offer resulting from the direct acquisition of shares via a Share Purchase Agreement dated May 20, 2026. The table below summarizes the key details of the underlying transaction that necessitated the open offer.

Financial and Regulatory Details

Mark Corporate Advisors Private Limited is acting as the Manager to the Offer, while Bigshare Services Private Limited has been appointed as the Registrar to the Offer. The target company's equity shares are listed on BSE Limited and are infrequently traded. As on date, the authorized share capital of Devinsu Trading Limited is ₹1,00,00,000, and the issued, subscribed, and paid-up equity share capital is ₹58,80,000. The acquirers have stated that they do not have any plans to alienate significant assets of the company for a period of two years, except in the ordinary course of business.

Devinsu Trading Limited has announced that its board meeting is scheduled to be held on May 29, 2026. The meeting will take place at the registered office of the company located at 2, Floor-1, Plot-90/94, Zaveri Mansion, Shaikh Memon Street, Zaveri Bazar, Kalbadevi, Mumbai.

The agenda for the meeting includes the consideration and approval of the standalone audited financial results along with the audit report for the quarter and year ended on March 31, 2026. This disclosure was made in compliance with Regulation 29 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Key Meeting Details

The intimation regarding the board meeting was addressed to BSE Limited on May 22, 2026. The communication was digitally signed by Deniis Desai, Whole Time Director of the company.