Photon Capital Advisors Limited has formally announced the resignation of Ms. Shruti Bajranglal Agarwal from her position as Company Secretary & Compliance Officer. The announcement was made in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, highlighting the company's adherence to regulatory disclosure requirements.

Resignation Details

Ms. Agarwal submitted her resignation letter on April 01, 2026, citing professional opportunities and other pre-occupations as the primary reasons for her departure. Her resignation becomes effective from the close of business hours on April 30, 2026.

Company's Response

Photon Capital Advisors Limited has placed on record its appreciation for the valuable services rendered by Ms. Agarwal during her tenure. The company acknowledged her contributions as Company Secretary & Compliance Officer in the official communication to BSE Limited.

Regulatory Compliance

The resignation announcement was made pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company provided comprehensive details as required under SEBI LODR regulations, including the reason for change, effective date of cessation, and other mandatory disclosures.

The announcement was signed by Sobharani Nandury, Wholetime Director (DIN: 00567002), and includes the original resignation letter as an attachment to ensure complete transparency in the disclosure process.

Mark Corporate Advisors Private Limited has published an offer opening public announcement for acquiring shares of Photon Capital Advisors Limited, marking the formal commencement of the open offer process. The announcement, made on March 24, 2026, follows compliance requirements under SEBI (SAST) Regulations, 2011 and has been published across multiple newspapers in English, Hindi, Marathi, and Telugu languages.

Open Offer Details

The open offer targets the acquisition of up to 7,11,000 fully paid-up equity shares of Photon Capital Advisors Limited at a price of ₹115.00 per equity share. The shares carry a face value of ₹10.00 each, and the acquisition represents 26.13% of the target company's emerging voting capital. The offer is being made by acquirer Sreeram Reddy Vanga through Mark Corporate Advisors Private Limited as the manager to the offer.

Regulatory Compliance and Timeline

The offer follows a structured timeline in accordance with SEBI regulations. The Letter of Offer dispatch to public shareholders was completed between March 16-17, 2026, based on the identified date of March 10, 2026. The Committee of Independent Directors published their recommendation on March 20, 2026, endorsing the offer price as fair and reasonable in accordance with applicable regulations.

Valuation and Independent Assessment

The fair value per equity share of Photon Capital Advisors Limited has been certified at ₹89.12 per equity share by registered valuer V. Gangadhar Rao. N, as per the valuation report dated January 20, 2026. The Committee of Independent Directors reviewed the Public Announcement, Detailed Public Statement, and Letter of Offer before concluding that the offer price of ₹115.00 per equity share exceeds the highest price among selective criteria mentioned under justification of offer price.

Recent Corporate Developments

Photon Capital Advisors Limited completed a significant preferential allotment on March 20, 2026, issuing 12,07,000 equity shares and 19,90,000 convertible warrants to the acquirer and non-promoters. This allotment received prior approval from the Board of Directors on January 20, 2026, shareholders' approval on February 19, 2026, and in-principle approval from BSE on March 05, 2026.

Participation Process

Public shareholders can participate in the open offer through registered stockbrokers during the tendering period of March 25 to April 10, 2026. The offer will be implemented through the stock exchange mechanism via a separate acquisition window. Shareholders holding shares in both physical and dematerialized form are eligible to participate, with specific procedures outlined for each category. The offer remains open to all public shareholders, including those who acquire shares after the identified date of March 10, 2026.