Radha Krishna Avudari, Sudha Rani Avudari, and Nagabhyru Srikanth have launched an open offer to acquire up to 58,43,327 equity shares of Aar Shyam India Investment Company Limited. The acquisition targets 26% of the company’s emerging paid-up capital at an offer price of ₹15 per share.

Acquisition Structure

The open offer is triggered by a share purchase agreement (SPA) dated August 21, 2026, wherein Acquirer 1 purchased 12,16,068 shares (40.54% of existing capital) from Guruomega Private Limited at ₹13.60 per share. The acquirers also proposed a preferential allotment of 1,94,74,733 shares to raise capital and acquire assets.

Key components of the preferential issue include:

• 1,40,56,300 shares to the acquirers in kind against acquiring SVR Electro Projects Private Limited equity.
• 4,84,700 shares to a public category investor in kind.
• 49,33,333 shares to public investors for cash at ₹15 per share.

Financial Context

Aar Shyam India Investment Company reported total revenue of ₹9.63 lakh for the year ended March 31, 2026, down from ₹28.23 lakh in FY25. The company posted a net loss of ₹83.36 lakh in FY26, widening significantly from a loss of ₹2.20 lakh in the prior year. Net worth stood at ₹272.17 lakh as of March 31, 2026.

Strategic Shift

The acquirers plan to discontinue the target company’s existing business operations with shareholder approval. They intend to pivot the company toward renewable energy projects, facility management, EPC contracting, and e-commerce. Post-offer, assuming full acceptance, the acquirers will hold 95.82% of the paid-up capital.

Offer Timeline

The tendering period runs from October 16, 2026, to October 30, 2026. The acquirers have deposited ₹2.20 crore in an escrow account with Axis Bank Limited, representing more than 25% of the maximum consideration of approximately ₹8.76 crore. Turnaround Corporate Advisors Private Limited serves as the manager to the offer.

Aar Shyam India Investment Company Limited established a new corporate office in New Delhi effective August 29, 2026. The move aims to centralize management and improve operational efficiency.

The Board of Directors approved the decision during a meeting held on August 29, 2026. The new facility will serve as the primary location for maintaining the company’s books of accounts.

Office Details

The corporate office is located at Office No. 403, 4th Floor, City Centre Mall, Plot No. 5, Sector-12, Dwarka, New Delhi – 110078. This address replaces the previous registered office for administrative purposes.

Authorization

The Board authorized Ms. Perla Pavani, Director, to finalize and execute all necessary documents. Her responsibilities include signing lease agreements and overseeing the operationalization of the new office.

Regulatory Disclosure

The company disclosed the outcome pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The Board Meeting commenced at 1:30 pm and concluded at 1:45 pm.