Simandhar Impex Limited's Committee of Independent Directors has concluded that the open offer by Farmico International Private Limited is fair and reasonable. The offer seeks to acquire 25.36% of the company at Rs. 30 per share, totaling ₹2.32 Crore. This follows the initial public announcement made on January 14, 2026.
Farmico International Private Limited has launched a mandatory open offer to acquire up to 25.36% stake in Simandhar Impex Ltd at ₹30 per share. The ₹2.33 Crore offer follows a share purchase agreement to acquire 74.64% stake and management control. The tendering period is scheduled for April 20 to May 04, 2026.