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.

Senthil Infotek Limited, a Secunderabad-based company, has reported a marginal profit for the quarter ended June 30, marking a turnaround from the previous quarter's loss. The company's board approved the unaudited financial results, which were reviewed by the Audit Committee and received a clean limited review report from auditors M S P R & Co.

Financial Highlights

• Net Profit: Rs 0.02 lakhs, compared to a loss of Rs 4.68 lakhs in the previous quarter and a profit of Rs 0.07 lakhs in the same quarter last year.
• Total Income: Increased to Rs 5.90 lakhs from Rs 4.21 lakhs in the previous quarter.
• Revenue Breakdown:
  • Revenue from operations: Rs 3.87 lakhs
  • Other income: Rs 2.03 lakhs
• Total Expenses: Decreased to Rs 5.88 lakhs from Rs 8.89 lakhs in the previous quarter.
• Paid-up Equity Share Capital: Maintained at Rs 505.00 lakhs.
• Earnings per Share: Remained at Rs 0.00 for both basic and diluted calculations.

Quarterly Performance Comparison

The company's financial performance shows a slight improvement in the latest quarter. The total income increased by 40% compared to the previous quarter, primarily driven by higher revenue from operations. Notably, the company managed to reduce its total expenses by 34%, which contributed to the turnaround from loss to profit.

Management Commentary

While specific management comments were not provided in the available data, the company's ability to increase revenue and reduce expenses suggests a focus on operational efficiency and cost management.

Auditor's Review

M S P R & Co., the company's auditors, conducted a limited review of the financial results. They stated that nothing has come to their attention that causes them to believe that the financial results have not been prepared in accordance with applicable accounting standards and principles.

The board meeting for the approval of these results was held on August 14, at the company's registered office, concluding at 5:00 PM.

Investors and stakeholders may note that while Senthil Infotek has returned to profitability, the margins remain thin. The coming quarters will be crucial in determining if the company can sustain and build upon this positive momentum.