Anka India Limited has announced the successful completion of its open offer and the subsequent reclassification of acquirers as promoters. The company informed BSE Limited on December 28, 2025, that Mr. Amit Sharma and Mr. Arjit Sachdeva have completed their open offer and acquired shares from the public on December 23, 2025.

Open Offer Completion and Promoter Reclassification

Following the completion of the open offer, both acquirers have been reclassified from the public category to promoter and promoter group status, as disclosed in the original Letter of Offer dated October 07, 2025. This reclassification has been made in compliance with Regulation 31A(10)(ii) of the SEBI Listing Regulations.

New Promoter Holdings Structure

The reclassification has resulted in a significant change in the company's promoter structure, with both acquirers now holding substantial stakes in the company.

Original Open Offer Details

The open offer was initially announced for acquiring up to 69,24,902 equity shares, representing 13.44% of the existing equity and voting shares. Corporate Makers Capital Limited served as the managers to the offer, with the pre-offer advertisement published on October 13, 2025.

Regulatory Compliance and Impact

The intimation was submitted by Whole Time Director Sulakshana Trikha (DIN: 02924761) on behalf of Anka India Limited, ensuring full compliance with SEBI regulations. The completion of this open offer marks a significant milestone in the company's ownership structure, with the new promoters now controlling nearly three-quarters of the company's equity.

This development represents a substantial change from the original open offer scope, indicating that the acquirers may have purchased additional shares beyond the initially targeted 13.44% stake, resulting in their current combined holding of 74.86%.

Anka India Limited has recently submitted recommendations from its Committee of Independent Directors (IDC) regarding an open offer for the acquisition of up to 69,24,902 equity shares. This represents a 13.44% stake in the company, with Mr. Amit Sharma and Mr. Arjit Sachdeva as the acquirers.

Key Details of the Open Offer

Disclosure and Transparency

The recommendations were published in two newspapers, Financial Express and Jansatta, demonstrating Anka India's commitment to transparency and compliance with regulatory requirements. This action aligns with the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

Corporate Governance

The submission of the IDC's recommendations highlights the company's adherence to good corporate governance practices. By involving independent directors in the evaluation of the open offer, Anka India ensures that the interests of all shareholders, particularly minority shareholders, are considered.

Next Steps

Shareholders of Anka India Limited will need to review these recommendations carefully to make informed decisions regarding the open offer. The company's management, led by Whole Time Director Sulakshana Trikha, has taken the necessary steps to keep the market informed about this significant corporate action.

Investors and market participants should monitor further announcements from Anka India Limited and the acquirers for additional details about the open offer and its potential impact on the company's ownership structure and future direction.