Kuber Udyog Ltd

Systematix Corporate Services Ltd, acting as Manager to the Offer, has submitted a Draft Letter of Offer to BSE for Kuber Udyog Ltd's equity shareholders. The open offer aims to acquire up to 3,19,71,680 equity shares, representing 26% of the expanded voting share capital, at ₹23.35 per share. This offer is being made under SEBI (SAST) Regulations, 2011, by Acquirers Mr. Manav Bahri, Mr. Dinesh Popli, Mr. Ajay Dutta, and PAC Trimudra Trade & Holdings Private Limited. The Draft Letter of Offer dated August 21, 2026, is being filed with SEBI, and the offer is not conditional on minimum acceptance or a competing offer. Approvals are not currently required, but the offer is subject to obtaining them if necessary. The offer price may be revised upwards.

Kuber Udyog Ltd has submitted its 44th Annual Report for the financial year 2025-26, along with the Notice of the Annual General Meeting (AGM). The report includes details on corporate information, directors, key managerial personnel, auditors, and financial statements. Key agenda items for the AGM include the adoption of financial statements, appointment of directors, and regularization of appointments. The filing adheres to SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Mr. Manav Bahri, Mr. Dinesh Popli, and Mr. Ajay Dutta, along with Trimudra Trade & Holdings Private Limited (PAC), have announced an Open Offer to acquire up to 3,19,71,680 equity shares of Kuber Udyog Limited, representing 26.00% of the expanded voting share capital. The offer price is ₹23.35 per share, totaling ₹74.65 crore. This open offer is triggered by a Share Sale & Subscription Agreement dated August 7, 2026, and a proposed Preferential Issue, which will result in the acquirers gaining substantial control over Kuber Udyog. Systematix Corporate Services Ltd has been appointed as the Manager to the Offer.

Kuber Udyog Limited has announced an Open Offer triggered by an acquisition of Golden Ikon Fleet Management Private Limited. Mr. Manav Bahri, Mr. Dinesh Popli, and Mr. Ajay Dutta, along with Trimudra Trade & Holdings Private Limited (PAC), plan 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, valuing the total consideration at ₹74.65 crore. This move follows a Share Sale & Subscription Agreement and a proposed Preferential Issue, which will result in the acquirers gaining substantial control over Kuber Udyog. Systematix Corporate Services Limited has been appointed as the Manager to the Offer.

Kuber Udyog Ltd's Board of Directors has approved the acquisition of 100% equity shares of Golden Ikon Fleet Management Private Limited. This strategic move involves increasing the company's authorized share capital from ₹5 Crores to ₹125 Crores. The acquisition will be funded through the issuance of 7,62,85,000 equity shares and 12,00,000 warrants to specific individuals and entities, including Mr. Manav Bahri, Mr. Dinesh Popli, Mr. Ajay Dutta, and M/s Trimudra Trade and Holdings Private Limited. Additionally, the company plans to issue 3,95,50,000 equity shares and 25,00,000 warrants to the public (non-promoters) for cash. The company also plans to alter its Memorandum and Articles of Association to include fleet management and facility management services, and potentially change its name. The board also approved increasing investment limits for FPIs, FIIs, and NRIs, and authorized increases in borrowing limits and creation of charges on company assets. The 44th Annual General Meeting is scheduled for September 5, 2026.

Kuber Udyog Ltd announced a board meeting outcome approving a significant fundraise through a preferential issue of Equity Shares and Convertible Warrants. The company plans to increase its authorized share capital from ₹5 Crores to ₹125 Crores and raise the FPI/FII/NRI investment limit to 100%. The proposed issuance includes 7,62,85,000 Equity Shares and 12,00,000 Convertible Warrants to specific individuals and entities for cash and non-cash considerations, including the acquisition of Golden Ikon Fleet Management Private Limited. Additionally, 3,95,50,000 Equity Shares and 25,00,000 Convertible Warrants will be offered to the public. The company also intends to alter its Memorandum and Articles of Association to reflect these changes, including new objects related to fleet management and facility services, and potentially change its name. The board also approved the Board Report for FY26 and fixed the 44th AGM for September 5, 2026.

Kuber Udyog Ltd announced the appointment of Mrs. Purvi Samir Patel as an Additional Director in the category of Non-Executive Independent Director. Her appointment is effective from July 23, 2026, for a term of one year, subject to shareholder approval. Mrs. Patel meets the independence criteria and is not debarred from holding directorships. The board meeting also approved the Un-Audited Standalone Financial Results for the quarter ended June 30, 2026, and decided to apply for the surrender of its NBFC license to the Reserve Bank of India.

Kuber Udyog Ltd announced the outcome of its Board Meeting held on July 23, 2026. The board approved the Un-Audited Standalone Financial Results for the quarter ended June 30, 2026, along with the Limited Review Report. Additionally, Mrs. Purvi Samir Patel was appointed as an Additional Director (Non-Executive Independent) for a term of one year, subject to shareholder approval. The company also resolved to apply to the Reserve Bank of India for the surrender of its NBFC license. The meeting commenced at 5:30 PM and concluded at 6:20 PM.

Kuber Udyog Ltd announced its un-audited standalone financial results for the quarter ended June 30, 2026. The Board of Directors approved these results and a Limited Review Report from Bilimoria Mehta & Co. was issued. The company also appointed Mrs. Purvi Samir Patel as an Additional Director (Non-Executive Independent) for a term of one year, subject to shareholder approval. Additionally, the board approved the application to the Reserve Bank of India for surrendering the company's NBFC license.

Kuber Udyog Ltd has announced that its Board of Directors will convene on July 23, 2026. The primary agenda item for this meeting is to consider and approve the Un-Audited Standalone Financial Results for the quarter that ended on June 30, 2026. Additionally, the company has informed that the 'Trading Window' for dealing in its securities, which was closed from July 1, 2026, will be reopened 48 hours after the declaration of these financial results, in compliance with SEBI regulations.