The open offer by Kolli Murali Krishna and Gogineni Srinivas to acquire up to 26% of Senthil Infotek Limited concluded with zero shares tendered by public shareholders. Synfinx Capital Private Limited, the manager to the offer, disclosed the final status in a post-offer advertisement published on July 08, 2026. The acquirers had offered ₹8 per equity share for up to 13,13,000 fully paid-up shares representing 26% of the voting share capital.

The offer opened on June 18, 2026, and closed on July 02, 2026. Despite the offer size of ₹1,05,04,000, no public shareholders tendered their shares. As a result, the acquirers' shareholding remains at 31,76,300 equity shares, or 62.90% of the voting share capital, which was acquired via a share purchase agreement. The public shareholding consequently stands at 18,73,700 equity shares, representing 37.10% of the voting share capital.

The offer was made pursuant to the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. Venture Capital And Corporate Investments Private Limited acted as the registrar to the offer. The acquirers accepted full responsibility for the information contained in the post-offer advertisement and for the fulfilment of obligations under the SEBI (SAST) Regulations.

Acquisition Details

The following table outlines the proposed versus actual acquisition details based on the voting share capital:

Note: All percentages have been calculated based on the Voting Share Capital. Proposed figures assume full acceptance under the Open Offer.

Senthil Infotek Limited has taken another step forward in the mandatory open offer process with the filing of the Draft Letter of Offer dated April 22, 2026, with the Securities and Exchange Board of India. Synfinx Capital Private Limited, acting as the manager to the offer, submitted the document in compliance with Regulation 16 of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The offer targets acquisition of up to 13,13,000 equity shares representing 26% of the voting share capital at ₹8 per equity share, with maximum consideration amounting to ₹1,05,04,000.

Offer Structure and Key Terms

The mandatory open offer stems from a Share Purchase Agreement executed on April 08, 2026, wherein acquirers Kolli Murali Krishna and Gogineni Srinivas agreed to purchase 31,76,300 equity shares (62.90% of voting share capital) from existing promoters at ₹5.50 per share for total consideration of ₹1,74,69,650. This transaction triggers the mandatory open offer obligation under SEBI regulations.

Comprehensive Offer Schedule

The detailed schedule of activities outlines the complete timeline from public announcement to payment completion. The tendering period is scheduled to commence on June 03, 2026, and close on June 16, 2026, with payment completion by July 01, 2026. The Identified Date for determining eligible shareholders is May 19, 2026.

Acquirer Profiles and Financial Standing

Kolli Murali Krishna, aged 43 years, brings over 10 years of experience in construction, land development and real estate business. His certified net worth as of March 20, 2026, stands at ₹824.80 lakhs. Gogineni Srinivas, also 43 years old and an Overseas Citizen of India, has over 20 years of experience in software services including Data Warehousing, Integration, and Cloud Architecture. His net worth as of April 04, 2026, is certified at ₹285.69 lakhs.

Target Company Financial Performance

Senthil Infotek Limited, incorporated in 1994 and operating in Information Technology Solutions, demonstrates mixed financial performance. The company is listed on BSE Limited under scrip code 531980, though trading occurs under Graded Surveillance Measures Stage 2.

Post-Acquisition Strategic Plans

Following successful completion, the acquirers will hold majority equity shares enabling effective management and control over the Target Company. They plan to reconstitute the board of directors and may diversify the company's business activities into other lines of business, subject to applicable regulations. The existing promoters will be reclassified from promoter group to public category upon completion of the transaction. The acquirers have confirmed compliance with minimum public shareholding requirements under SEBI regulations.