Grameva Limited (formerly known as Bangalore Fort Farms Limited) is the subject of an open offer announcement by a consortium of acquirers seeking to purchase a significant stake in the company. The offer, managed by VC Corporate Advisors Private Limited, targets public shareholders under the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

Acquirer Details and Offer Structure

The open offer is being made by three entities collectively referred to as the "Acquirers":

The acquirers seek to purchase up to 12,47,844 equity shares of Rs. 10 face value each, representing 26.00% of Grameva Limited's total paid-up equity and voting share capital.

Offer Terms and Pricing

The Committee of Independent Directors of Grameva Limited has reviewed the offer documentation and opined that the offer price of Rs. 30 per fully paid-up equity share is in accordance with SEBI (SAST) Regulations and appears to be fair and reasonable. The IDC recommendation dated March 24, 2026 was published in multiple newspapers on March 25, 2026.

Timeline and Process

The open offer follows a structured timeline as mandated by SEBI regulations:

Key Updates and Material Changes

Several material updates have been incorporated since the initial public announcement:

• Net Worth Revision: Jagsakti Merchandise Private Limited's net worth as of December 31, 2025 has been revised from Rs. 19,22,38,399.50 to Rs. 17,59,70,009.50 due to inclusion of applicable tax elements
• Loan Settlement: The outstanding loan of Rs. 2,57,25,621 given by the Target Company to Acquirer II has been settled and paid off
• Documentation: Additional board meeting outcomes from December 08, 2017 regarding preferential issue allotment have been included in inspection documents

Regulatory Compliance and Implementation

The open offer will be implemented through the Stock Exchange Mechanism via a separate Acquisition Window as provided under SEBI (SAST) Regulations. BSE Limited has granted the Acquisition Window to the acquirers through notice no. 20260325-20 dated March 25, 2026. As of the Letter of Offer date, no regulatory or statutory approvals are pending, though the offer remains subject to any additional statutory approvals that may become applicable prior to completion.

Shareholders can participate in the offer through their registered stock brokers for dematerialized shares or through relevant selling brokers for physical shares. The Letter of Offer and Form of Acceptance are available on the websites of SEBI, BSE, CSE, and the Manager to the Offer for shareholders who may not have received physical copies.

Grameva Limited (Erstwhile Bangalore Fort Farms Limited) has announced the opening of a special window for re-lodgement of transfer requests of physical shares, following regulatory guidelines issued by the Securities and Exchange Board of India (SEBI).

Regulatory Compliance and Notification

The company has informed the Bombay Stock Exchange Limited and Calcutta Stock Exchange Limited about the newspaper publication regarding the special window, pursuant to SEBI Circular No. HO/38/13/11(2)2026-MIRSD-POD/1/3750/2026 dated January 30, 2026. The notification was signed by Milan Bhatia, Company Secretary & Compliance Officer, on March 26, 2026.

Special Window Details and Timeline

The special window facilitates transfer and delisting of physical securities which were sold or purchased prior to April 01, 2019. This initiative also covers transfer requests that were previously submitted but were rejected, returned, or not attended to due to deficiencies in documents, processes, or other reasons.

Eligibility Criteria for Transfer Requests

The company has outlined specific eligibility criteria for shareholders seeking to utilize this special window:

Transfer Restrictions and Lock-in Provisions

Securities transferred through this special window will be subject to specific restrictions. All transferred securities must be credited to the transferee exclusively in demat mode, with no physical certificate option available. Additionally, these securities will remain under lock-in for one year from the date of registration of transfer, during which they cannot be transferred, lien marked, or pledged.

Documentation and Contact Information

Shareholders are encouraged to take advantage of this opportunity by furnishing necessary documents to the company's Registrar and Share Transfer Agent. Documents can be submitted to Cameo Corporate Services Ltd at Subramaniam Building, 1 Club House Road, Chennai - 600002, or via email at cs@grameva.in .

Public Awareness Campaign

The company has published advertisements in leading newspapers including Business Standard (English) and Arthik Lipi (Bengali) to ensure widespread awareness among shareholders. This public notification campaign demonstrates the company's commitment to keeping shareholders informed about important regulatory developments and opportunities for share transfer facilitation.