Ortin Global Limited Issues Corrigendum to Open Offer Public Statement

2 min read     Updated on 27 Feb 2026, 06:31 PM
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Reviewed by
Ashish TScanX News Team
Overview

Ortin Global Limited filed a corrigendum to its detailed public statement dated February 17, 2026, for Mr. Parveen Satija's open offer to acquire 21,14,162 equity shares at ₹14.65 per share representing 26% voting capital. The corrigendum updates the acquirer's professional background, highlighting over 20 years of business experience and directorship in Samsung Electro Product Private Limited with DIN 00197648. Rarever Financial Advisors Private Limited manages the offer under SEBI (SAST) Regulations, 2011.

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Ortin Global Limited has submitted a corrigendum to its detailed public statement for an ongoing open offer, updating key information about the acquirer's professional background and corporate affiliations.

Open Offer Details

The corrigendum relates to the open offer by Mr. Parveen Satija to acquire equity shares of Ortin Global Limited. The offer seeks to purchase up to 21,14,162 fully paid-up equity shares with a face value of ₹10 each, representing 26% of the voting share capital.

Parameter: Details
Offer Price: ₹14.65 per equity share
Total Shares: 21,14,162 equity shares
Voting Capital: 26%
Payment Mode: Cash
Face Value: ₹10 per share

Updated Acquirer Information

The corrigendum specifically modifies subpoint 1.3 of the "Information about the Acquirer" section in the detailed public statement dated February 17, 2026. The updated information provides enhanced details about Mr. Parveen Satija's professional background and experience.

According to the revised information, Mr. Parveen Satija chose to pursue business full-time after completing his schooling, gaining extensive hands-on experience and developing deep practical knowledge in the industry. His entrepreneurial insight and commitment have been instrumental in driving sustained growth over more than 20 years of experience.

Corporate Directorship

The corrigendum clarifies Mr. Satija's current directorship positions, specifically noting his role in Samsung Electro Product Private Limited.

Sr. No: Company Name Director Details
1. Samsung Electro Product Private Limited Mr. Parveen Satija (DIN: 00197648)

The updated profile describes Mr. Satija as an Indian business professional associated with corporate leadership roles in India, with experience in board-level oversight, statutory compliance, and strategic supervision of business operations.

Regulatory Compliance

The open offer is being conducted pursuant to and in compliance with the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, as amended. Rarever Financial Advisors Private Limited serves as the manager to the offer, handling the regulatory submissions and coordination.

The corrigendum emphasizes that except for the specific modifications detailed in the document, all other terms and contents of the original detailed public statement remain unchanged. The acquirer accepts full responsibility for the information contained in the corrigendum and for fulfilling obligations under the SEBI (SAST) Regulations, 2011.

Document Availability

The corrigendum has been submitted to both the National Stock Exchange of India Limited (NSE) and BSE Limited (BSE), where Ortin Global Limited's equity shares are listed. The document is also available on the Securities and Exchange Board of India website at www.sebi.gov.in for public access and review.

Historical Stock Returns for Ortin Global

1 Day5 Days1 Month6 Months1 Year5 Years
+4.95%-9.34%+37.41%+23.23%+48.32%-47.11%

Ortin Global Ltd: Suresh Gadala Group Crosses 5% Shareholding Threshold with Fresh Acquisition

1 min read     Updated on 26 Feb 2026, 08:52 AM
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Reviewed by
Shriram SScanX News Team
Overview

Suresh Gadala and his family members have acquired 31,640 equity shares of Ortin Global Ltd through open market purchases on February 23, 2026, increasing their combined shareholding from 4.91% to 5.30%. This acquisition triggered mandatory disclosure requirements under SEBI regulations as their holding crossed the 5% threshold. The acquirer group, which includes Suresh Gadala's wife and son, does not belong to the company's promoter group and holds only equity shares with no encumbrances or convertible securities.

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Ortin Global Ltd has received a disclosure filing from Suresh Gadala and his persons acting in concert (PACs) following their acquisition of equity shares that pushed their combined shareholding above the 5% threshold, triggering mandatory regulatory disclosure requirements.

Acquisition Details

The acquisition involved the purchase of 31,640 equity shares on February 23, 2026, through open market transactions. This purchase increased the group's total shareholding from 3,99,421 shares to 4,31,061 shares in the company.

Parameter Before Acquisition Acquisition After Acquisition
Number of Shares 3,99,421 31,640 4,31,061
Shareholding Percentage 4.91% 0.39% 5.30%
Mode of Acquisition - Open Market -

Acquirer Group Structure

The acquirer group consists of Suresh Gadala as the primary acquirer along with two persons acting in concert:

  • Kamal Gadalay (Wife of Suresh Gadala)
  • Aditya Gadalay (Son of Suresh Gadala)

The disclosure confirms that the acquirer group does not belong to the promoter or promoter group of Ortin Global Ltd.

Company Share Capital Structure

Ortin Global Ltd's equity share capital remains unchanged following this acquisition:

Component Details
Total Share Capital ₹8,13,13,920
Number of Equity Shares 81,31,392
Face Value per Share ₹10
Listing Exchanges BSE Limited, National Stock Exchange of India Limited

Regulatory Compliance

The disclosure was filed on February 25, 2026, in compliance with Regulation 29(1) & 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, and Regulation 7(2) of SEBI (Prohibition of Insider Trading) Regulations, 2015. The filing was necessitated as the group's shareholding crossed the 5% threshold limit specified under the SAST Regulations.

The acquirer group holds no encumbrances, voting rights other than equity shares, or convertible securities in the company. All holdings are in the form of equity shares carrying voting rights.

Historical Stock Returns for Ortin Global

1 Day5 Days1 Month6 Months1 Year5 Years
+4.95%-9.34%+37.41%+23.23%+48.32%-47.11%

More News on Ortin Global

1 Year Returns:+48.32%