Octaware Technologies Limited has received an open offer from Walking Tree Technologies Private Limited to acquire up to 9,34,400 equity shares, representing 26.02% of the voting capital, at ₹30 per share. This move follows a share purchase agreement where Walking Tree Technologies agreed to buy a 34.76% stake from promoter Mohammed Aslam Qudratullah Khan at ₹25 per share.

Key Details of the Open Offer

• Offer Size: Up to 9,34,400 equity shares (26.02% voting capital)
• Offer Price: ₹30 per share
• Total Offer Value: ₹2.80 crore (assuming full acceptance)
• Tendering Period: November 28 to December 11, 2025

Background and Implications

The open offer is triggered by Walking Tree Technologies' agreement to acquire a 34.76% stake (12,48,000 shares) from the promoter at ₹25 per share. This initial acquisition, valued at ₹3.12 crore, will give Walking Tree Technologies significant control over Octaware Technologies.

If fully subscribed, the open offer could increase Walking Tree Technologies' stake to a maximum of 71.92% of Octaware's voting capital, including their existing 11.14% holding acquired earlier.

Strategic Rationale

Walking Tree Technologies aims to:

1. Acquire joint control over Octaware Technologies
2. Strengthen Octaware's position in the IT sector
3. Potentially revive and improve Octaware's business performance

Impact on Shareholding Structure

Post-offer, the shareholding structure could change as follows:

Regulatory Compliance

The acquirer has stated its commitment to comply with minimum public shareholding requirements if the public holding falls below 25% post-offer.

Conclusion

This open offer represents a significant change in Octaware Technologies' ownership structure. Shareholders have until December 11, 2025, to decide whether to participate in the offer at ₹30 per share.

Octaware Technologies Limited, a prominent player in the technology sector, has announced a significant change in its leadership structure. The company has appointed Mohammed Aslam Qudratullah Khan as its new Chief Executive Officer (CEO) and Key Managerial Personnel, effective October 14, 2025.

A Seasoned Leader at the Helm

Mr. Khan brings a wealth of experience to his new role, having been associated with Octaware Technologies for over 15 years. His journey with the company began in October 2009, during which time he has held several senior leadership positions across the company and its subsidiaries.

Responsibilities and Expectations

In his capacity as CEO, Mr. Khan will be tasked with:

• Steering the company's strategic direction
• Enhancing business development initiatives
• Providing strong organizational leadership

The primary focus of his role will be ensuring sustainable growth and long-term value creation for the company.

Key Details of the Appointment

Professional Background

Mr. Khan is recognized as a visionary leader and accomplished executive with a proven track record in:

• Driving business growth
• Fostering operational excellence
• Spearheading strategic innovation

Regulatory Compliance

It's noteworthy that Mr. Khan is not debarred from accessing capital markets or restrained from holding director positions by the Securities and Exchange Board of India (SEBI) or any other regulatory authority. This compliance ensures that his appointment adheres to all necessary regulatory requirements.

Company's Statement

The appointment was formally announced through a regulatory filing under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Octaware Technologies expressed confidence in Mr. Khan's ability to lead the company into its next phase of growth and innovation.

As Octaware Technologies embarks on this new chapter under Mohammed Aslam Qudratullah Khan's leadership, stakeholders will be keenly watching the company's strategic moves and performance in the coming months.