Acquirers Announce Open Offer for Senthil Infotek Ltd. Shares, Offering 26% Stake at INR 8 per Share

Acquirers Announce Open Offer for Senthil Infotek Ltd. Shares, Offering 26% Stake at INR 8 per Share​

Kolli Murali Krishna and Gogineni Srinivas have announced an open offer for the Equity Shares of Senthil Infotek Limited. The open offer aims to acquire up to thirteen lakh thirteen thousand (13,13,000) equity shares, representing 26.00% of the voting share capital of the company.

The offer details set out the terms and conditions under which public shareholders can participate in the acquisition of Senthil Infotek Ltd.'s Equity Shares. The maximum open offer consideration stands at INR 8/- (Indian Rupees Eight only) per Equity Share, with a total potential consideration amounting to INR 1,05,04,000/-.

The announcement follows an underlying transaction involving the Acquirers and the Sellers—members of the Target Company's Promoter Group. As part of this private acquisition, the Acquirers are acquiring three million seventeen thousand six hundred thirty (31,76,300) equity shares constituting 62.90% of the voting share capital from the Sellers for a total consideration of INR 1,74,69,650/-.

Offer Price Justification and Timeline​

The offer price of INR 8/- per Equity Share has been justified by the Acquirers and the Manager to the Offer, as it is higher than the minimum offer price calculated based on valuation parameters (which was determined at ₹7.48/share). This assessment is supported by a Valuation Report dated April 07, 2026.

The Public Announcement regarding the open offer was made on April 08, 2026. A Detailed Public Statement (DPS) was subsequently published on April 16, 2026, in multiple regional and English newspapers including Financial Express, Jansatta, Navshakti, and Nava Telangana.

The timeline for the Open Offer is as follows:

Acquisition and Operational Focus​

The Acquirers—Kolli Murali Krishna and Gogineni Srinivas—intend to exercise effective management and control over Senthil Infotek Limited upon completion of the Open Offer and the underlying transaction. The acquisition aligns with the Acquirers' plan for long-term expansion and growth, leveraging their existing software services business against the Target Company’s established IT Consulting and Hardware Solutions capabilities.

The company, which was originally incorporated as 'Senthil Agrotech Limited,' is primarily engaged in Information Technology Solutions, including Software Development, System Integration, and IT Infrastructure Management. Senthil Infotek Ltd.'s authorized share capital stands at ₹6,00,00,000/-, with issued and paid-up share capital at ₹5,05,00,000/- comprising 50,50,000 Equity Shares.

Offer Procedure and Eligibility​

The offer is open to all public shareholders holding the Equity Shares of Senthil Infotek Limited, both in dematerialized and physical form, during the Tendering Period. The maximum marketable lot size for the shares in this offer is set at one (1) equity share.

The Acquirers confirmed that they have made necessary inquiries and are prepared to accept all valid tenders received within the specified period. All shareholders who tender their shares must ensure they have obtained any requisite regulatory approvals, such as from the Reserve Bank of India (RBI), if applicable for Non-Resident Indians (NRIs) or Overseas Corporate Bodies (OCBs).

The Acquirers committed that in case of a surplus of shares tendered, acceptance will be carried out on a proportionate basis. The payment of consideration to accepted shareholders will be completed within ten working days from the closure of the Tendering Period.

Stock Price Movement​

Senthil Infotek Ltd. settled at ₹38.08 on Monday, ticking up by 4.99% after market close. The shares traded completely flat throughout the session, as the high and low were both locked in place at the ₹38.08 level.