The Committee of Independent Directors (IDC) of Senthil Infotek Limited has unanimously recommended the open offer by acquirers Kolli Murali Krishna and Gogineni Srinivas to acquire up to 26% of the company's voting share capital. The committee, chaired by Sarada Dittakavi, deemed the offer price of ₹8 per share to be fair and reasonable as it complies with SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

The open offer for 13,13,000 fully paid-up equity shares is scheduled to open on June 18, 2026, and close on July 02, 2026. Synfinx Capital Private Limited is acting as the manager to the offer. The recommendation follows the acquirers' agreement to purchase a 62.90% stake from existing promoters at a negotiated price of ₹5.50 per share, a transaction valued at ₹1.75 crore.

Offer Valuation

The IDC based its recommendation on the offer price being higher than both the negotiated price and the fair value of the equity shares. The fair value was determined at ₹7.48 per share, while the negotiated price stood at ₹5.50 per share. The acquirers have deposited ₹1.05 crore into an escrow account with ICICI Bank Limited, certified by M/s. Naveen Madivada & Co., Chartered Accountants.

Schedule of Activities

The revised schedule for the offer activities has been finalized following the receipt of SEBI's observations on the draft letter of offer. The identified date for determining eligible shareholders is June 04, 2026.

Senthil Infotek Limited, formerly known as Senthil Agrotech Limited, is engaged in information technology solutions. For the financial year ended March 31, 2025, the company reported a loss of ₹212.69 lakh on a total revenue of ₹13.55 lakh. The public shareholders have the option to tender their shares or remain invested, advised to evaluate the offer independently.

Senthil Infotek Limited returned to profitability in the financial year ended March 31, 2026, posting a net profit of ₹0.62 lakh against a net loss of ₹212.69 lakh in the previous year. The company’s total income rose to ₹17.28 lakh for FY26, up from ₹13.55 lakh in FY25, driven by an increase in other income. Revenue from operations for the year stood at ₹8.49 lakh, a decrease from ₹10.85 lakh in the prior year.

The Board of Directors, which met on May 27, 2026, approved the audited financial results for the quarter and year ended March 31, 2026. The statutory auditors, M/s. MSPR & Co., issued an audit report with an unmodified opinion on the financial statements. In addition to the financial results, the Board appointed Ch Krishna Reddy, Chartered Accountants, as internal auditors and Nishant Darak & Associates, Practicing Company Secretaries, as secretarial auditors for the financial year 2026-27.

For the quarter ended March 31, 2026, the company reported a net loss of ₹0.15 lakh, compared to a net loss of ₹4.68 lakh in the same quarter of the previous year. Revenue from operations for the quarter was ₹1.45 lakh, while other income contributed ₹1.86 lakh. Total expenses for the quarter were ₹3.63 lakh, significantly lower than the ₹8.89 lakh reported in the corresponding quarter of the previous year.

Financial Performance

The company’s balance sheet as of March 31, 2026, showed total assets of ₹267.24 lakh, slightly up from ₹266.30 lakh in the previous year. Cash and cash equivalents improved to ₹122.56 lakh from ₹117.23 lakh. Trade receivables increased to ₹20.22 lakh from ₹18.28 lakh. The equity and liabilities stood at ₹267.24 lakh, with equity share capital remaining constant at ₹505.00 lakh.

Key Financial Metrics