Kuber Udyog: Open Offer Letter Submitted for 26% Stake

Systematix Corporate Services Ltd, acting as the Manager to the Offer, has submitted a Letter of Offer to BSE for Kuber Udyog Ltd's equity shareholders. This pertains to an open offer by Mr. Manav Bahri, Mr. Dinesh Popli, and Mr. Ajay Dutta, along with Trimudra Trade & Holdings Private Limited and Ms. Shraddha Gohil, to acquire up to 3,19,71,680 equity shares, representing 26.00% of the expanded voting share capital. The offer price is ₹23.35 per share, payable in cash. The Letter of Offer, dated October 17, 2026, is scheduled for dispatch to public shareholders by October 21, 2026, following SEBI's final observations. The offer is not conditional on minimum acceptance and no further statutory approvals are required for the acquirers and PACs.