Sanginita Chemicals has authorized its Key Managerial Personnel (KMPs) to determine the materiality of events and information and make necessary disclosures to stock exchanges. This decision was taken to ensure compliance with Regulation 30(5) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The authorization empowers specific senior executives to assess which events qualify as material and require immediate reporting to the exchanges. This mechanism is designed to streamline the disclosure process and ensure timely communication of significant corporate developments.

The following officials have been designated to determine materiality and handle disclosures:

The company submitted this information to the National Stock Exchange of India Limited on June 17, 2026. The disclosure was signed by Gaurav Kumar Tripathi, Whole Time Director, confirming the Board's decision to delegate these responsibilities.

Sanginita Chemicals Limited has opened an offer to acquire up to 1,56,89,957 fully paid-up equity shares, representing 26% of the emerging fully diluted voting equity share capital, at a price of ₹13.55 per share. The offer, aggregating to ₹21,25,98,917.35, is being made by acquirers BNG Investment LLC and Anubhav Agarwal pursuant to the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The tendering period for the offer commenced on June 10, 2026, and will close on June 23, 2026.

The Committee of Independent Directors (IDC) of Sanginita Chemicals has reviewed the proposal and unanimously recommended the offer, stating it is fair and reasonable. The offer follows a preferential allotment of equity shares and is based on an emerging fully diluted voting equity share capital of 6,03,45,986 equity shares with a face value of ₹10 each. The acquirers have deposited 100% of the consideration payable into an escrow account.

Board and Management Changes

Pursuant to the offer and compliance with SEBI regulations, the company's Board of Directors underwent significant changes effective June 5, 2026. Mrs. Hansaben Dineshshin Chavada, Mr. Vijaysinh Dineshshin Chavada, and Mr. Dineshshin Bhimsinh Chavada resigned from the Board. Consequently, Mr. Anubhav Agarwal was appointed as an Additional Non-Executive Non-Independent Director, Mr. Gaurav Kumar Tripathi as Whole Time Director, and Mr. Piyush Bichhoriya as an Additional Non-Executive Non-Independent Director. Additionally, Ms. Nidhi Dixit was appointed as the Company Secretary and Compliance Officer, succeeding Ms. Saroj Ghanshyam Jagetia.

Revised Offer Schedule

The Manager to the Offer, Finshore Management Services Limited, released the pre-offer advertisement on June 9, 2026. The schedule for the open offer activities has been revised from the initial draft.

The offer is not conditional upon any minimum level of acceptance. Shareholders holding shares in physical or demat form are eligible to participate, with specific procedures outlined for those who have not received the Letter of Offer.