Charms Industries: Open Offer for 16% Stake at ₹2 Per Share

Kunvarji Finstock Pvt. Ltd., acting as the Manager to the Offer, has submitted a Detailed Public Statement to BSE regarding an open offer for Charms Industries Limited. The offer is to acquire up to 74,37,586 equity shares, representing 16.00% of the emerging voting share capital, at an offer price of ₹2 per share. This open offer is being made by Mr. Mahendrabhai G. Patel, Mr. Munjal Mahendrabhai Patel, Mr. Sanjaykumar Rameshbhai Patel, and Mr. Rakesh Ramesh Chandra Patel (collectively, the "Acquirers") in compliance with SEBI (SAST) Regulations, 2011. The offer follows a public announcement made on October 23, 2026. The emerging voting share capital is calculated based on existing shares plus shares from a preferential issue, excluding certain convertible warrants.