News Orders & Deals Ortin Global Limited: Parveen Satija Issues Corrigendum to Open Offer AnnouncementOrtin Global Limited: Parveen Satija Issues Corrigendum to Open Offer Announcement
Mr. Parveen Satija has issued a corrigendum to his February 10, 2026 public announcement regarding the open offer for Ortin Global Limited. The corrigendum clarifies regulatory compliance aspects under SEBI SAST Regulations while maintaining all original offer terms including the ₹14.65 per share price for acquiring 26% stake. All fundamental parameters of the open offer remain unchanged.
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Ortin Global Limited's open offer process sees regulatory clarification as Mr. Parveen Satija issues a corrigendum to his original public announcement dated February 10, 2026. The corrigendum, submitted on February 13, 2026, through Rarever Financial Advisors Private Limited, addresses specific regulatory compliance aspects while maintaining all core terms of the original open offer to acquire 26% stake at ₹14.65 per share.
Corrigendum Details and Regulatory Clarifications
The corrigendum specifically clarifies the regulatory framework governing the open offer. Key modifications include updated references to SEBI SAST Regulations and enhanced compliance language:
| Modification Area: | Updated Details |
|---|---|
| Regulatory Framework: | Regulation 4 read with Regulations 13, 14 and 15(1) |
| Offer Classification: | Triggered Open Offer under Regulation 4 |
| Compliance Basis: | SEBI (SAST) Regulations, 2011 |
| Intent Declaration: | Acquisition of control of Target Company |
| Document Date: | February 13, 2026 |
Original Open Offer Terms Remain Unchanged
Despite the regulatory clarifications, all fundamental terms of the open offer continue as originally announced. The acquisition parameters maintain their original structure:
| Parameter: | Details |
|---|---|
| Offer Price: | ₹14.65 per share |
| Total Shares Offered: | 21,14,162 shares |
| Percentage of Capital: | 26% |
| Maximum Consideration: | ₹3,09,72,473 |
| Payment Mode: | Cash |
| Face Value: | ₹10 per share |
Triggering Transaction and Share Purchase Agreement
The corrigendum reaffirms that the open offer stems from the Share Purchase Agreement executed on February 10, 2026, between Satija and four promoter sellers. This underlying transaction involves acquisition of 1,00,300 equity shares representing 1.23% of voting capital, valued at ₹14,69,395.
| Transaction Aspect: | Specification |
|---|---|
| Triggering Regulation: | Regulation 4 of SEBI (SAST) Regulations, 2011 |
| SPA Execution Date: | February 10, 2026 |
| Direct Acquisition: | 1,00,300 equity shares (1.23%) |
| Control Intention: | Explicitly stated in corrigendum |
Manager to the Offer and Documentation
Rarever Financial Advisors Private Limited continues as Manager to the Offer, facilitating all regulatory compliance requirements. The corrigendum bears digital signatures from both Mr. Prasann Bhatt as Authorized Signatory for the Manager and Mr. Parveen Satija as the Acquirer, ensuring proper authorization and accountability.
The document confirms that except for the specific modifications detailed in the corrigendum, all other terms and contents of the original Public Announcement remain unchanged. The corrigendum will be available on SEBI's website at www.sebi.gov.in , ensuring transparency and public accessibility.
Company Profile and Listing Status
Ortin Global Limited maintains its established market presence with dual listing on BSE (Scrip Code: 539287) and NSE (Symbol: ORTINGLOBE). The company's paid-up capital stands at ₹8,13,13,920 with total equity shares of 81,31,392, providing the foundation for the current open offer calculations and regulatory compliance requirements.
Historical Stock Returns for Ortin Global
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +4.98% | +27.50% | +43.75% | +55.92% | +65.88% | -41.66% |
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