Tejassvi Aaharam Limited will hold a board meeting on May 30, 2026, to consider and approve the audited financial results for the quarter and year ended March 31, 2026. The meeting is scheduled pursuant to Regulation 29 and 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company will present the financial statements prepared in accordance with Ind AS.

Trading Window Closure

In accordance with the company's Code of Conduct for Prevention of Insider Trading, the trading window for designated persons closed on April 1, 2026. This restriction will remain in effect until 48 hours after the declaration of the financial results.

Meeting Details

The open offer for Tejassvi Aaharam Limited, initiated by a group of acquirers, has concluded with the acceptance of only one equity share. The offer, managed by Saffron Capital Advisors Private Limited, was made pursuant to the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The acquirers included Prasanna Natarajan, Rajat Chakra Credit & Holdings Private Limited, Sipping Spirits Private Limited, and Saranga Investments & Consultancy Private Limited, along with Rajalakshmi Natarajan as the Person Acting in Concert (PAC).

The offer aimed to acquire up to 70,00,000 equity shares of ₹10 each for cash at a price of ₹10 per share, aggregating up to ₹7 crore. This represented 12.04% of the emerging voting share capital of the target company on a fully diluted basis. The offer opened on April 28, 2026, and closed on May 12, 2026, with the date of payment of consideration scheduled for May 20, 2026.

Offer Outcome

According to the Post Offer Advertisement, the actual response from public shareholders was minimal. While the offer size was proposed at ₹7,00,00,000 assuming full acceptances, the actual amount paid was ₹10. Only one equity share was tendered in dematerialized form and subsequently accepted by the acquirers.

Shareholding Details

The acquirers, along with the PAC, held Nil shares prior to the agreements. The offer was triggered by a proposed preferential issue of 4,21,97,154 equity shares, which was pending approval from BSE Limited at the time of the offer. Consequently, the post-offer shareholding of the acquirers and the PAC remained negligible, with only one share acquired through the open offer.

The public shareholding pre-offer stood at 70,00,000 shares, representing 100% of the existing voting share capital. Following the open offer, the public shareholding was recorded at 69,99,999 shares, representing 12.04% of the emerging voting share capital. The remaining shares are proposed to be allotted to other shareholders of the transferor company via a preferential issue, subject to regulatory approvals.