Covidh Technologies Limited has successfully obtained regulatory approval to relocate its registered office from Telangana to Maharashtra, marking a significant administrative milestone for the company. The Regional Director granted approval, enabling the technology firm to proceed with its planned interstate office relocation under the Companies Act, 2013.

Regulatory Approval Details

The Ministry of Corporate Affairs, through the Regional Director's office in Hyderabad, approved the company's application filed under Form INC-23 with reference number AB8585799 dated October 28, 2025. The approval order was digitally signed by Richa Kukreja, Regional Director, RD Hyderabad.

Previous Corporate Approvals

The relocation initiative received comprehensive internal approvals through the company's governance structure. The Board of Directors initially approved the proposal, followed by shareholder approval through a special resolution passed in accordance with Section 114(2) of the Companies Act at the Annual General Meeting held on August 26, 2025.

Business Rationale

According to the regulatory filing, Covidh Technologies justified the relocation by stating that the proposed change in the registered office from the State of Telangana to the State of Maharashtra will enable the Company in enlarging the area of its business operations and to exploit marketing opportunities. The company was originally incorporated on January 27, 1993.

Current Registered Office Address

The company's existing registered office is located at B-2, Plot: 797/A, Sai Krishna Building, Road No. 36, Jubilee Hills Hyderabad, Telangana 500033. Following the approval, the registered office will be relocated to Maharashtra, with the specific address to be determined.

Order Conditions and Compliance

The Regional Director's order comes with specific conditions to protect stakeholder interests. The approval stipulates that the interest of no employee working at the registered office shall be adversely affected either by way of transfer or retrenchment or otherwise. Additionally, there will be no jurisdictional change in the legal proceedings pending against the company on the date of this order.

Implementation and Next Steps

The company has duly complied with the requirements of provisions of Rule 30 of the Companies (Incorporation) Rules 2014, with no objections received from any stakeholders. The Registrar of Companies, Telangana provided a report dated November 26, 2025, supporting the application. The Regional Director has ordered that copies of the approval be sent to all concerned parties as per rule.

COVIDH Technologies Limited has received unanimous approval from its Independent Directors Committee (IDC) for an open offer made by a group of nine acquirers. The offer seeks to acquire up to 21,86,333 equity shares representing 26.00% of the company's emerging equity and voting share capital at ₹10.00 per share. The company has now submitted its pre-open offer advertisement under SEBI regulations.

Open Offer Details

The open offer is being made by nine acquirers led by Mr. Pratap Deshmukh, along with Mr. Laukik Deshmukh, Ms. Sharmila Deshmukh, Ms. Shubhangi Garad, Mr. Sumeet Garad, Ms. Ritu Garad, Mr. Dhairyasheel Yadav, Mr. Nandakumar Kadam, and Ms. Archana Lonkar. The offer is structured in compliance with Regulations 3 and 4 of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

Independent Directors Committee Assessment

The IDC, comprising Mr. Rinku Saini as Chairperson and Mr. Mangina Srinivas Rao as Member, conducted a comprehensive review of the offer documents. These included the Public Announcement, the Detailed Public Statement, the Draft Letter of Offer, and the Letter of Offer.

Both IDC members are independent and non-executive directors who hold no equity shares in the target company and have no contractual relationships with either the company or the acquirers. Neither member has traded any equity shares or other securities of the company during the 12 months prior to the public announcement.

Committee's Recommendation

The IDC determined that the offer price of ₹10.00 per equity share is fair and reasonable, citing specific regulatory compliance factors. The company's equity shares are infrequently traded on BSE within the meaning of Regulation 2(1)(f) of SEBI SAST Regulations. The offer price is justified under the parameters prescribed in Regulation 8(2) of the SEBI SAST Regulations, with the pricing structure aligning with regulatory requirements for companies with limited trading activity.

Pre-Open Offer Advertisement Submission

Bonanza Portfolio Limited has submitted the pre-open offer advertisement cum corrigendum to the Detailed Public Statement to BSE Limited in accordance with Regulation 18(7) of the SEBI (SAST) Regulations. The advertisement appeared in multiple newspapers including Financial Express (English daily - All Editions), Jansatta (Hindi daily - All Editions), Mumbai Lakshadweep (Marathi daily - Mumbai Edition), and Sakshyam (Telugu - Telangana Edition).

The IDC emphasized that while they consider the offer fair and reasonable, shareholders should independently evaluate the offer and make informed decisions. The recommendations were unanimously approved by the IDC members, demonstrating consensus on the offer's merit under current market conditions and regulatory framework.