Comrade Appliances Ltd

Corporate Professionals Capital Pvt Ltd, acting as the Manager to the Offer, has submitted a Draft Letter of Offer to the public shareholders of Comrade Appliances Ltd. The offer is made by Omnia Appliances Private Limited, Graphic Promoters and Developers Private Limited, Amaira Estate Advisors LLP, and MLJ Aeternum LLP (collectively, the Acquirers). They intend to acquire up to 26,46,487 equity shares, representing 26.00% of the expanded share capital, at a price of ₹35 per share. This open offer is being made pursuant to SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The offer opens on December 8, 2026, and closes on December 21, 2026. No minimum acceptance level is required for this offer.

Corporate Professionals Capital Pvt. Ltd., acting as the Manager to the Offer, has submitted a Detailed Public Statement regarding an open offer for Comrade Appliances Limited (CAL). The offer is made by Omnia Appliances Private Limited, Graphic Promoters and Developers Private Limited, Amaira Estate Advisors LLP, and MLJ Aeternum LLP (collectively, the 'Acquirers'). They aim to acquire up to 26,46,487 equity shares, representing 26.00% of the expanded share capital of CAL, at a price of ₹35 per equity share. This open offer is in compliance with SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

Comrade Appliances Ltd has disclosed a significant shareholding change. Mr. Mehboob Alam, a promoter holding 29.36% of the company's equity, has entered into a Share Purchase Agreement (SPA) to sell 18,90,000 equity shares, representing 24.30% of the paid-up share capital, for ₹6,42,60,000 (₹6.42 Crore). The agreement was executed on October 13, 2026, with Omnia Appliances Private Limited, Graphic Promoters and Developers Private Limited, Amaira Estate Advisors LLP, and MLJ Aeternum LLP as the acquirers. These acquirers have no prior relationship with Comrade Appliances. Upon completion of the open offer, the acquirers will be classified as promoters. The company itself is not a party to this SPA, and there are no restrictions or liabilities imposed on the listed entity as a result of this transaction. This disclosure was revised due to a clerical error.

Comrade Appliances Ltd announced that its promoter, Mr. Mehboob Alam, has entered into a Share Purchase Agreement (SPA) to sell 18,90,000 equity shares, representing 24.30% of the company's paid-up share capital, for ₹6,42,60,000 (₹6.42 Crore). The agreement was executed on October 13, 2026, with Omnia Appliances Private Limited, Graphic Promoters and Developers Private Limited, Amaira Estate Advisors LLP, and MLJ Aeternum LLP as the acquirers. The company is not a party to this agreement. Upon completion of the open offer, the acquirers will be classified into the promoter group. This transaction does not impose any restrictions or liabilities on the listed entity and is not considered a related party transaction.

Corporate Professionals Capital Pvt. Ltd., acting as the Manager to the Offer, has announced an open offer on behalf of Omnia Appliances Private Limited, Graphic Promoters and Developers Private Limited, Amaira Estate Advisors LLP, and MLJ Aeternum LLP. The acquirers intend to purchase up to 26,46,487 equity shares, representing 26.00% of the expanded share capital of Comrade Appliances Limited, at a price of ₹35 per equity share. This offer is made pursuant to SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The expanded share capital is INR 10,17,87,950, divided into 1,01,78,795 equity shares of ₹10 each. The pre-issue share capital was INR 7,77,87,950, representing 77,78,795 equity shares.

Comrade Appliances Limited announced the outcome of its Board Meeting held on October 13, 2026. The board approved a preferential issue of up to 24,00,000 equity shares at ₹34 per share, aggregating up to ₹8.16 Crore (₹8,16,00,000). This issue is subject to shareholder and regulatory approvals. Additionally, a Share Purchase Agreement was executed for the acquisition of 18,90,000 equity shares (24.30%) by Omnia Appliances Private Limited and others from promoter Mehboob Alam for ₹6.42 Crore (₹6,42,60,000). Omnia Appliances will become a promoter post-acquisition and open offer. A Preferential Issue Committee was constituted, and a draft postal ballot notice was approved.

Comrade Appliances Limited announced a preferential issue of up to 24,00,000 equity shares at ₹34 per share, aggregating ₹8.16 Crore. This issue is part of a larger transaction where Omnia Appliances Private Limited and other acquirers will acquire a significant stake and joint control, leading to Omnia Appliances becoming part of the promoter group post an open offer. Additionally, a Share Purchase Agreement was signed for the sale of 18,90,000 equity shares (24.30%) by promoter Mehboob Alam to Omnia Appliances and other acquirers for ₹6.42 Crore. A Preferential Issue Committee has been formed, and a draft notice for postal ballot has been approved.

Comrade Appliances Limited announced a preferential issue of up to 24,00,000 Equity Shares. Each share, with a face value of ₹10, will be issued for cash at a price of ₹34, aggregating up to ₹8,16,00,000 (₹8.16 Crore). The Independent Directors Committee (IDC) reviewed the valuation report and other relevant documents, providing unanimous recommendations for the proposed issue. The primary allottees include Omnia Appliances Private Limited (20,00,000 shares) and Anadi Investments Private Limited (4,00,000 shares). The IDC confirmed that the offer price is in line with SEBI ICDR Regulations and that its members have no conflicts of interest with the company or the allottees.

Comrade Appliances Limited's Board of Directors has approved a preferential issue of up to 24,00,000 equity shares at ₹34 per share, aggregating up to ₹8.16 Crore. This issue is primarily to Omnia Appliances Private Limited (20,00,000 shares) and Anadi Investments Private Limited (4,00,000 shares). Concurrently, a Share Purchase Agreement was signed for the acquisition of 18,90,000 equity shares (24.30%) by Omnia Appliances, Graphic Promoters, Amaira Estate Advisors, and MLJ Aeternum LLP from promoter Mehboob Alam at ₹34 per share, totaling ₹6.43 Crore. Post these transactions, Omnia Appliances and other acquirers will acquire joint control and management, leading to an Open Offer obligation. A Preferential Issue Committee has been constituted, and a draft postal ballot notice has been approved.

Comrade Appliances Ltd has announced that its Board of Directors will convene on October 13, 2026. The primary agenda item is to consider and approve a proposal for the issuance of various financial instruments, which may include equity shares or convertible securities. The issuance could be structured as a preferential issue, rights issue, or through other suitable modes, with the board also set to determine the pricing. The company has also reminded stakeholders that the trading window for its securities remains closed until 48 hours after the declaration of its unaudited financial results for the half-year ended September 30, 2026, in compliance with SEBI regulations.