Amphenol Corporation's open offer for adc india communications Limited has concluded with substantially lower shareholder participation than originally targeted. The offer, which ran from April 2, 2026 to April 17, 2026, aimed to acquire up to 11,96,000 equity shares but received tenders for only 14 shares.

Open Offer Performance Summary

The stark difference between projected and actual participation highlights the limited interest from public shareholders in the acquisition offer.

Transaction Structure and Pricing

The offer price was established at INR 1,233.59 per equity share of face value INR 10 each. This pricing included a base price of INR 1,179.92 per share plus an enhancement of INR 53.67 per share, computed at 10.00% per annum for the period between August 3, 2025 and January 16, 2026, as per SEBI (SAST) Regulations.

Shareholding Impact

Despite the minimal response, the transaction structure reveals Amphenol Corporation's broader acquisition strategy. The company has indirectly acquired 33,13,037 equity shares constituting 72.02% of voting share capital through its acquisition of 100% equity interests in CST, the indirect holding company of ADC India Communications.

Regulatory Compliance and Management

The open offer was conducted under SEBI (SAST) Regulations, 2011, with Kotak Mahindra Capital Company Limited serving as manager and KFin Technologies Limited as registrar. The post-offer advertisement was published across multiple newspapers including Financial Express, Jansatta, Navshakti, and Prajavani on April 23, 2026.

Payment of consideration to the 14 shareholders who tendered their shares was scheduled for April 22, 2026. The transaction maintains ADC India Communications' public shareholding structure virtually unchanged, with the acquirer's direct holding remaining negligible despite the successful completion of the regulatory process.

ADC India Communications Limited has filed its annual declaration under SEBI's Substantial Acquisition of Shares and Takeovers (SAST) Regulations for the financial year ended March 31, 2026. The declaration was submitted to BSE Limited on April 10, 2026, by Company Secretary R. Ganesh.

SEBI SAST Compliance Declaration

The annual filing under Regulation 31(4) of SEBI SAST Regulations, 2011 was submitted by the company's promoter group entities. The declaration covers the financial year ended March 31, 2026, ensuring compliance with regulatory requirements for substantial shareholding disclosures.

Promoter Group Declaration

The company's promoter group consists of three entities that jointly submitted the declaration:

• CommScope Connectivity LLC
• CommScope Technologies LLC
• Amphenol Corporation

All three entities confirmed through their authorized signatory, Lance Edward D'Amico, that no new encumbrances were created on their shareholdings during FY26.

Share Encumbrance Status

A significant development highlighted in the declaration relates to the status of share encumbrances. The promoter group provided important updates regarding their shareholding encumbrances:

The promoters specifically stated that while encumbrances existed from previous financial years, these were completely released on January 9, 2026. As of March 31, 2026, no encumbrances remain on the shares held by the promoter group.

Regulatory Framework

The filing demonstrates adherence to SEBI's regulatory framework governing substantial acquisitions and takeovers. Regulation 31(4) of SEBI SAST Regulations, 2011 requires annual declarations from promoters regarding any encumbrances on their shareholdings, ensuring transparency in corporate ownership structures.

The declaration was formally submitted to BSE Limited's Department of Corporate Services, with copies provided to the company's Audit Committee and Company Secretary for internal records and compliance purposes.