Niks Technology Ltd

Niks Technology Ltd has announced the closure of its trading window for designated persons and their immediate relatives. This closure is in effect from October 1, 2026, and will remain so until 48 hours after the announcement of the Un-Audited Financial Results for the Half-Year Ended September 30, 2026. This measure is in compliance with SEBI (Prohibition of Insider Trading) Regulations, 2015, and the company's internal code of conduct, aimed at preventing potential insider trading during the period leading up to financial result disclosures.

Niks Technology Limited has issued a corrigendum to its Annual General Meeting (AGM) notice, originally scheduled for September 30, 2026. This amendment is in response to clarifications requested by BSE Limited regarding a proposed preferential issue of equity shares and share warrants. The corrigendum, which is an integral part of the AGM notice, provides updated details on the identity of proposed allottees, their post-preferential issue shareholding percentages, and their category (promoter/non-promoter). The AGM will still be held on September 30, 2026, at 10:00 AM IST via Video Conference or Other Audio Visual Means. The company has also submitted applications to BSE for in-principle approval of the preferential issue.

Navigant Corporate Advisors Ltd, acting as Manager to the Offer, has submitted a Draft Letter of Offer to SEBI for an open offer to acquire up to 23,16,964 equity shares of Niks Technology Ltd, representing 26.00% of the expanded equity and voting share capital. The offer price is set at ₹136 per share. This open offer is being made by Mr. Nilesh Jayantilal Patel, Mr. Vishal Jayantibhai Patel, and Mr. Bharatkumar Pravinchandra Keshrani, collectively referred to as the Acquirers, pursuant to SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, for substantial acquisition of shares accompanied by a change in control. The minimum lot size for the offer is 300 equity shares. No statutory approvals are currently required, and this is not a competing offer.

Niks Technology Limited has received a detailed public statement (DPS) from Navigant Corporate Advisors Limited regarding an open offer. This statement, issued on behalf of acquirers Nilesh Jayantilal Patel, Vishal Jayantilal Patel, and Bharatkumar Pravinchandra Keshrani, complies with SEBI (SAST) Regulations, 2011. The open offer is for the acquisition of up to 23,16,964 equity shares, representing 26.00% of the expanded equity share capital on a fully diluted basis. This follows a proposed preferential issue of 65,73,600 equity shares at ₹136 per share, including warrants, as part of an underlying transaction involving Dev Satya Infra Private Limited. The company also provided financial highlights for the past three fiscal years, showing a decline in revenue and net income for FY26 compared to FY25.

Navigant Corporate Advisors Ltd, acting as Manager to the Offer, has submitted a Detailed Public Statement for an open offer to acquire up to 23,16,964 equity shares of Niks Technology Ltd, representing 26.00% of the expanded equity share capital. The offer price is set at ₹136 per share. This open offer is being made by Nilesh Jayantilal Patel, Vishal Jayantilal Patel, and Bharatkumar Pravinchandra Keshrani. The Detailed Public Statement was published on September 16, 2026, following a Public Announcement on September 8, 2026. The transaction involves a preferential issue of shares and warrants, and the acquisition of shares in Dev Satya Infra Private Limited by Niks Technology.

Niks Technology Limited has received a Public Announcement regarding an open offer for the acquisition of up to 23,16,964 equity shares, representing 26.00% of the expanded equity share capital. The offer price is set at ₹136 per share. This open offer is triggered by a preferential issue of equity shares and convertible warrants to the acquirers, Nilesh Jayantilal Patel, Vishal Jayantilal Patel, and Bharatkumar Pravinchandra Keshrani, and also pursuant to a Share Purchase Agreement with existing promoters. Navigant Corporate Advisors Limited has been appointed as the 'Manager to the Offer'. The total expanded equity share capital on a fully diluted basis is estimated at 89,11,400 shares.

Niks Technology Limited announced that its promoters and promoter group have executed a Share Purchase Agreement (SPA) to sell an aggregate of 2,31,100 equity shares, representing 46.22% of the company's paid-up equity share capital. The transaction involves the sale of these shares at Rs. 136/- per share, totaling Rs. 3,14,29,600/-. The sale includes the transfer of control and management of the company to the acquirers: Mr. Nilesh Jayantilal Patel, Mr. Vishal Jayantibhai Patel, and Mr. Bharatkumar Pravinchandra Keshrani. The transaction is subject to conditions outlined in the SPA, and the acquirers are obligated to make an Open Offer to public shareholders as per SEBI regulations.

Navigant Corporate Advisors Ltd, acting as Manager to the Offer, has announced a public announcement for an open offer to acquire up to 23,16,964 equity shares of Niks Technology Limited. This represents 26.00% of the expanded equity and voting share capital. The offer price is set at ₹136 per share. The open offer is triggered by a board approval for preferential issue of equity shares and convertible warrants to the acquirers, and a share purchase agreement with existing promoters. The total expanded equity share capital on a fully diluted basis will be 89,11,400 shares.

Niks Technology Ltd has announced its 12th Annual General Meeting (AGM) for the Financial Year 2025-26. The meeting is scheduled for September 30, 2026, in Patna, Bihar. Key agenda items include the adoption of the Audited Financial Statements for the fiscal year ending March 31, 2026, the re-appointment of Ms. Anamika Anand as a Director, and the re-appointment of Mr. Pankaj Kumar as an Independent Director for a second five-year term. The company also provided details on its Board of Directors, Audit Committee, Stakeholders Relationship Committee, and Nomination & Remuneration Committee.

Niks Technology Ltd's Board of Directors met on September 08, 2026, approving the Director's Report and annual report for FY2025-2026. Key decisions included the re-appointment of Mr. Pankaj Kumar and Mr. Rakesh Kumar Singh as Independent Directors for five-year terms, subject to shareholder approval. The board also approved alterations to the Memorandum and Articles of Association to reflect expanded business activities in infrastructure development and a significant increase in authorized share capital. Furthermore, the company approved the acquisition of 100% equity share capital of Dev Satya Infra Private Limited via a Share Purchase and Share Swap Agreement, along with a preferential issue of equity shares to the selling company's shareholders.