Shantai Industries Ltd

Shantai Industries Ltd has announced the closure of its trading window for directors, officers, designated employees, and their immediate relatives. This closure is in accordance with SEBI regulations and the company's internal code of conduct for insider trading. The window will remain shut from July 01, 2026, until 48 hours after the announcement of the unaudited financial results for the quarter ended June 30, 2026. The exact date of the board meeting to consider these results will be communicated later.

Shantai Industries Ltd's Board of Directors approved the standalone audited financial results for the quarter and year ended March 31, 2026, along with the audit report. The board meeting occurred on May 25, 2026, where Mr. Dharan Shah, Chartered Accountant, was appointed as the Internal Auditor for the financial year 2026-27.

Shantai Industries Ltd's Board of Directors approved the standalone audited financial results for the quarter and year ended March 31, 2026, during their meeting held on May 25, 2026. The board also appointed Mr. Dharan Shah, Chartered Accountant, as the Internal Auditor for the financial year 2026-27. The meeting concluded at 06:40 PM.

Saffron Capital Advisors, acting as the manager to the open offer, announced an open offer by Radhe Dhokla Private Limited and other acquirers to acquire up to 19,20,000 equity shares of Shantai Industries at a price of ₹21 per share. The offer aggregates to ₹4,03,20,000 and represents 25.60% of the voting share capital. The offer complies with SEBI (SAST) Regulations, 2011. The offer opening public announcement was published on May 25, 2026, in multiple newspapers.

Saffron Capital Advisors Pvt Ltd, as the manager to the open offer, has submitted a Letter of Offer to BSE for the public shareholders of Shantai Industries Ltd. Acquirers Radhe Dhokla Private Limited, Pandav Dishant Kanubhai, Nikunj Vijaybhai Prajapati, Pandav Jinesh Kanaiyalal, and Pandav Pradipkumar Vijaybhai are jointly making an open offer to acquire up to 19,20,000 equity shares of Shantai Industries, representing 25.60% of the voting share capital, at a price of ₹21 per share, aggregating to ₹4,03,20,000. The offer is in compliance with SEBI (SAST) Regulations, 2011.

Shantai Industries Ltd has scheduled a Board of Directors meeting on May 25, 2026, to consider and approve the audited financial results for the quarter and year ended March 31, 2026. The trading window for dealing in the company's equity shares is closed from April 01, 2026, until 48 hours after the declaration of the financial results.

Shantai Industries Ltd has announced the closure of the trading window for all directors, officers, designated persons, and their immediate relatives. This closure is in accordance with the Code of Internal Procedures and Conduct for Regulating, Monitoring and Reporting of trading by insiders and pursuant to the SEBI (Prohibition of Insider Trading) Regulations, 2015. The closure will be effective from 1st April, 2026 till 48 hours after the announcement of the Audited Financial Results for the quarter and year ended on 31st March, 2026. The date of the Board Meeting for the consideration of the Audited Financial Results will be communicated in due course.

According to a disclosure made under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011, Vasudev Fatandas Sawlani has acquired equity shares in Shantai Industries Limited due to transmission of shares following the death of a fellow co-promoter. The acquisition increased his holding to 24.80% of the total diluted capital of the company.

Shantai Industries Ltd promoters, Disha Murli Sawlani, Harish Fatandas Sawlani, Murli Fatandas Sawlani, Reena Harish Sawlani, and Vasudev Fatandas Sawlani, have executed a Share Purchase Agreement (SPA) with Radhe Dhokla Private Limited, Pandav Dishant Kanubhai, Nikunj Vijaybhai Prajapati, Pandav Jinesh Kanaiyalal, and Pandav Pradipkumar Vijaybhai for the sale of 55,80,000 fully paid-up equity shares, constituting 74.40% of the total voting share capital of the Company, at a price of Rs. 11.50 per equity share. The transaction is subject to certain conditions as set out in the SPA and is subject to an Open Offer to the public shareholders of the Company in terms of the applicable provisions of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

Saffron Capital Advisors Pvt Ltd, on behalf of Acquirers 1 to 5, has announced an Open Offer to acquire up to 19,20,000 Equity Shares of Shantai Industries Limited at a price of ₹ 21/- per share. The Offer is in compliance with the SEBI (SAST) Regulations, 2011 and is not conditional upon any minimum level of acceptance. The Acquirers have confirmed adequate financial resources for the acquisition.