Acquirers Mr. Ritesh Tiwari and Mrs. Alka Tiwari have announced a mandatory open offer to acquire up to 8,32,016 equity shares of Net Pix Shorts Digital Media Limited , representing 26.00% of the company's equity share capital. The offer price is set at ₹32.00 per fully paid-up equity share, payable in cash.

Open Offer Details

The open offer is being conducted pursuant to SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, following the acquirers' Share Purchase Agreement with promoter Danish Zakaria Aghadi.

Share Purchase Agreement

The acquirers have entered into a Share Purchase Agreement dated December 15, 2025, to acquire 23,00,000 equity shares constituting 71.87% of the target company's equity capital from seller Danish Zakaria Aghadi.

Acquirer Background

Mr. Ritesh Tiwari, aged 40 years, is a commerce graduate with over 15 years of experience in D2C brands creation and fashion industry. His net worth as of December 15, 2025, is ₹1,098.70 lakhs. Mrs. Alka Tiwari, aged 32 years, is an Arts graduate with over 5 years of experience in craft-based apparel and online retail operations. Her net worth stands at ₹991.70 lakhs as of December 15, 2025.

Target Company Profile

Net Pix Shorts Digital Media Limited, incorporated on June 20, 2019, operates as a technology-based entertainment company in the online short film content segment. The company publishes content on various digital online portals and OTT platforms.

Financial Performance

Post-Acquisition Shareholding

Assuming full acceptance of the open offer, the acquirers will hold 31,32,016 equity shares, representing 97.87% of the company's equity capital. The public shareholding will reduce to 2.13%, falling below the minimum 25% requirement for listed companies.

Offer Management

Aryaman Financial Services Limited serves as the Manager to the Offer, while Cameo Corporate Services Limited acts as the Registrar. The offer will be implemented through BSE's stock exchange mechanism with a separate acquisition window. BCB Brokerage Private Limited has been appointed as the buying broker.

Financial Arrangements

The acquirers have established firm financial arrangements through internal resources, with no borrowings from banks or financial institutions. An escrow account has been created with ICICI Bank Limited containing ₹68,00,000, exceeding the required 25% of the offer consideration.

The offer represents a strategic acquisition aimed at gaining substantial control of the digital media company, with the acquirers planning to support the existing business operations while exploring synergy opportunities in the entertainment and digital content space.

Net Pix Shorts Digital Media is subject to an open offer announced by Mr. Ritesh Tiwari and Mrs. Alka Tiwari under SEBI (Substantial Acquisition of Shares and Takeovers) Regulations. The joint acquirers have initiated this mandatory open offer following their proposed acquisition of majority control in the digital media company. The detailed public statement for the open offer was published on December 22, 2025, in multiple newspapers including Business Standard (English and Hindi editions) and ePratahkal (Marathi edition).

Open Offer Structure and Terms

The open offer targets the acquisition of 8,32,016 fully paid-up equity shares of face value ₹10.00 each, constituting 26.00% of the company's fully diluted equity share capital. The offer price has been set at ₹32.00 per share, with the total offer consideration amounting to ₹266.25 lakhs.

Underlying Transaction Details

The open offer obligation was triggered by a Share Purchase Agreement executed between the acquirers and Danish Zakaria Aghadi. Under this agreement, the acquirers propose to acquire Danish Zakaria Aghadi's substantial shareholding in the target company.

This transaction will result in the direct acquisition of majority voting rights and control over Net Pix Shorts Digital Media Limited by the acquirers.

Acquirer Information

Both acquirers are individuals residing at the same address in Jaipur, Rajasthan. Currently, neither Mr. Ritesh Tiwari nor Mrs. Alka Tiwari holds any shares in the target company. Post the underlying transaction, their combined shareholding will reach 71.87% of the total equity share capital.

Regulatory Compliance and Timeline

The open offer is being managed by Aryaman Financial Services Limited, which serves as the Manager to the Offer. The acquirers have confirmed adequate financial resources and firm financial arrangements for financing the acquisition. The offer is not conditional upon any minimum level of acceptance and is not being issued pursuant to a competing offer under SEBI regulations. The detailed public statement was formally communicated to BSE Limited on December 22, 2025, marking the official commencement of the regulatory disclosure process.

Company Profile

Net Pix Shorts Digital Media Limited (CIN: L22300MH2019PLC327005) is registered in Mumbai with its office located at 1402, Z.A Towers, Zohra Aghadi Yari Road, Versova, Andheri West. The company's equity shares are listed on BSE Limited under scrip code 543247 with ISIN number INE0D5F01013.