Grameva Limited faces a mandatory open offer as Mrs. Maneesha Singh and her associates announce their intention to acquire up to 26.00% of the company's equity shares under SEBI's Substantial Acquisition of Shares and Takeovers (SAST) Regulations. The offer, managed by VC Corporate Advisors Private Limited, represents a significant corporate development for the Kolkata-based company.

Open Offer Structure and Pricing

The acquirers are offering to purchase up to 12,47,844 fully paid-up equity shares of face value Rs. 10/- each at an offer price of Rs. 30/- per share. This pricing represents the consideration for shares representing 26.00% of Grameva Limited's total paid-up equity and voting share capital.

Acquirer Details and Shareholding Structure

The open offer involves three entities acting collectively as acquirers. Mrs. Maneesha Singh, resident of Varanasi, Uttar Pradesh, serves as the primary acquirer alongside two private limited companies.

Triggering Transactions

The open offer obligation arises from two distinct transactions under SEBI SAST Regulations. The first trigger occurred on December 08, 2017, when Jagsakti Merchandise Private Limited and Ros Advisory Private Limited were allotted equity shares through preferential allotment.

The second trigger stems from a Share Purchase Agreement dated January 31, 2026, between Mrs. Maneesha Singh and Genesis Trade-Links Private Limited. Under this agreement, Mrs. Maneesha Singh will acquire 15,95,693 equity shares representing 33.25% of the total paid-up equity and voting share capital at Rs. 28/- per share.

Target Company Information

Grameva Limited, formerly known as Bangalore Fort Farms Limited, operates with its registered office in Kolkata. The company's equity shares are listed on BSE Limited and The Calcutta Stock Exchange Limited, with a total paid-up equity and voting share capital of 47,99,400 fully paid-up equity shares of face value Rs. 10/- each.

Regulatory Compliance and Timeline

The acquirers have appointed VC Corporate Advisors Private Limited as the Manager to the Offer. The detailed public statement regarding the open offer will be published on or before February 06, 2026, in accordance with Regulation 14(3) of the SEBI SAST Regulations. The offer is unconditional and not dependent on any minimum level of acceptance, ensuring compliance with regulatory requirements for mandatory open offers.

Grameva Limited has submitted a regulatory clarification to BSE Limited addressing recent price movements in its equity shares. The company responded to a surveillance inquiry from the exchange dated January 29, 2026, reaffirming its commitment to regulatory compliance and transparency.

Regulatory Compliance Confirmation

The company confirmed its adherence to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Grameva stated that it has been promptly disclosing all material events and information as required under the regulatory framework.

Material Event Disclosure

Grameva explicitly confirmed that as of the clarification date, there are no undisclosed events, information, announcements, or developments that could influence the price or volume behavior of the company's equity shares. The company emphasized that no impending announcements exist that would require disclosure under Regulation 30.

Price Movement Attribution

The company attributed the recent equity share price movements to market-driven factors beyond its control. This clarification was provided in response to BSE's surveillance department inquiry, which sought explanations for the observed price behavior in the company's shares.

Key Clarification Points:

• No undisclosed material events affecting share price
• Price movements are purely market-driven
• All regulatory disclosure requirements have been met
• Continued commitment to prompt information sharing

Corporate Information

The clarification was signed by Milan Bhatia, Company Secretary & Compliance Officer, on behalf of Grameva Limited, formerly known as Bangalore Fort Farms Limited. The company maintains its registered office at Room 7E, 7th Floor, Mani Square Mall, Kolkata, and continues to operate under the oversight of its compliance framework.

Grameva reiterated its commitment to maintaining transparency with the exchange and confirmed that it will continue to promptly inform BSE of any material events or information as required under the SEBI regulations.