TMT (I) Ltd acquirers revise open offer dates to July
Acquirers Yoga Builders Private Limited, Scaffold Properties Private Limited, and Mk Profinlease Private Limited have revised the open offer dates for TMT (I) Ltd to acquire 26% stake. The offer opens on July 8, 2026, and closes on July 21, 2026, at Rs 10 per share. The revision follows SEBI observations, with other terms remaining unchanged.

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Acquirers comprising Yoga Builders Private Limited, Scaffold Properties Private Limited, and Mk Profinlease Private Limited have revised the timeline for the open offer to acquire up to 12,87,988 equity shares of TMT (I) Ltd. The offer targets 26.00% of the fully paid-up and voting share capital at a price of Rs 10 per fully paid-up equity share. The revised schedule shifts the opening of the offer to July 8, 2026, and the closure to July 21, 2026.
Navigant Corporate Advisors Limited issued the corrigendum to the detailed public statement on behalf of the acquirers in compliance with the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The revision follows SEBI Observation Letter No. 1/14299/2026 dated June 19, 2026. The original detailed public statement was published on April 27, 2026.
The corrigendum updates several key dates in the offer schedule. The date for dispatching the letter of offer to shareholders is revised to July 1, 2026, while the last date for revising the offer price is now July 6, 2026. The identified date for determining shareholder eligibility is revised to June 23, 2026.
Revised Schedule of Activities
| Activity | Original Date | Revised Date |
|---|---|---|
| Public Announcement | 20.04.2026 | 20.04.2026 |
| Publication of Detailed Public Statement | 27.04.2026 | 27.04.2026 |
| Last date of filing draft letter of offer with SEBI | 05.05.2026 | 05.05.2026 |
| Receipt of comments from SEBI on draft letter of offer | 26.05.2026 | 19.06.2026 |
| Identified date | 29.05.2026 | 23.06.2026 |
| Date of Opening of the Offer | 12.06.2026 | 08.07.2026 |
| Date of Closure of the Offer | 25.06.2026 | 21.07.2026 |
| Payment of consideration | 10.07.2026 | 04.08.2026 |
All other terms and conditions of the open offer remain unchanged. Shareholders of TMT (I) Ltd, excluding the acquirers, sellers, and promoter group, are eligible to participate in the offer at any time before the closure of the offer. The final report from the merchant banker is now due on August 11, 2026.
What factors might have contributed to the significant delay in receiving SEBI's observations on the draft letter of offer?
How will the extended timeline impact the liquidity and trading volume of TMT (I) Ltd shares in the interim period?
Is there a possibility that the acquirers will revise the offer price of Rs 10 per share given the extended duration until the offer closure?



























