SER Industries Limited has announced a series of significant corporate changes, including a proposed name change and major restructuring initiatives, alongside its financial results for the quarter ended September 30, 2025.

Corporate Restructuring

• The Board has approved a proposal to change the company's name to Desi Farms India Limited, subject to regulatory and shareholder approvals.
• The authorized share capital is set to increase from Rs. 6.00 crores to Rs. 55.00 crores, divided into 5.5 crore equity shares of Rs. 10 each.
• The company plans to add dairy products business to its main object clause, covering processing and dealing in milk, ghee, cheese, butter, yogurt, and related items.
• A relocation of the registered office from Karnataka to Maharashtra has been approved.
• The Board has reconstituted its Audit Committee, Nomination and Remuneration Committee, and Stakeholders Relationship Committee.

Financial Performance

For the quarter ended September 30, 2025:

Previous Financial Results

The company had previously reported results for the first half of fiscal year 2026:

Outlook

The contrast between the first-half performance and the recent quarterly results suggests volatility in SER Industries' operations. The proposed name change to Desi Farms India Limited and the addition of dairy products to its business objectives indicate a potential shift in the company's strategic direction.

Investors and stakeholders may be interested in how these corporate changes and the fluctuating financial performance could impact the company's future growth and stability. It is advisable to monitor future announcements and financial reports for a clearer picture of the company's trajectory.

In a recent development in the Indian stock market, Sunil Kumar Shahi's open offer for SER Industries Limited (ISIN: INE358F01013) has concluded with minimal participation from public shareholders. The offer, which ran from August 20, 2025, to September 03, 2025, was part of a larger acquisition strategy that has reshaped the company's ownership structure.

Open Offer Details

Shahi had made an open offer to acquire up to 26% of SER Industries Limited's voting share capital from public shareholders at a price of ₹35.00 per share. This offer was triggered following his agreement to purchase a substantial 55.30% stake from the company's promoters through a Share Purchase Agreement (SPA).

Public Response

Despite targeting 2,57,294 shares, the open offer received a tepid response from the public:

• Only 300 shares were tendered by public shareholders
• None of the tendered shares were accepted

Shareholding Structure Post-Offer

The outcome of the open offer and the SPA transaction has led to a significant shift in SER Industries Limited's shareholding pattern:

Future Plans

Following the completion of the Share Purchase Agreement transaction, Shahi intends to apply for reclassification as a promoter of SER Industries Limited. This move is in line with Regulation 31A (10) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Management of the Offer

The open offer was managed by Swaraj Shares and Securities Private Limited, acting as the Manager to the Offer. The company, with its principal place of business in Mumbai, oversaw the entire process from the initial public announcement to the post-offer public announcement.

Company Background

SER Industries Limited, a public limited company incorporated under the Companies Act, 1956, has its registered office in Bangalore, Karnataka. The company, with the Corporate Identification Number L60231KA1963PLC004604, operates in the industrial sector.

This development marks a significant change in the ownership structure of SER Industries Limited, with Sunil Kumar Shahi emerging as the majority shareholder. The minimal response to the open offer suggests that most public shareholders have chosen to retain their stakes in the company, possibly indicating confidence in the company's future prospects under the new ownership.