Acquirers Launch Open Offer for Shantai Industries Limited Shares
Five private entities, including Radhe Dhokla Private Limited, are undertaking an Open Offer for the public equity shares of Shantai Industries Limited. The offer is set to acquire up to 19,20,000 fully paid-up Equity Shares, representing 25.60% of the company's voting share capital.The Acquirers are Radhe Dhokla Private Limited, Pandav Dishant Kanubhai, Nikunj Vijaybhai Prajapati, Pandav Jinesh Kanaiyalal, and Pandav Pradipkumar Vijaybhai.
The acquisition is structured as follows:
| Detail | Figure/Description |
|---|---|
| Target Company | Shantai Industries Limited |
| Total Shares Offered | 19,20,000 Equity Shares |
| Face Value per Share | ₹ 2/- (Rupees Two only) |
| Offer Price per Share | ₹ 21/- (Rupees Twenty One only) |
| Total Aggregate Value | ₹ 4,03,20,000/- (Rupees Four Crore Three Lakh Twenty Thousand only) |
| Percentage Acquired | 25.60% of the voting share capital |
A Reminder Advertisement detailing the open offer was published on June 01, 2026, across several regional and national newspapers, including the Financial Express (English), Jansatta (Hindi), Janadesh (Gujarati), and Mumbai Lakshadeep (Marathi).
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Financial and Corporate Updates
The provided documents also contain audited and unaudited financial results and corporate notices for several other listed entities:Demuric Holdings Private Limited (Financial Results)
| Particulars | Quarter ended 31.03.2026 (Audited) | Quarter ended 31.12.2025 (Unaudited) | Quarter ended 31.03.2025 (Unaudited) | Year ended 31.03.2026 (Audited) | Year ended 31.03.2025 (Audited) |
|---|---|---|---|---|---|
| Total Income from Operations (Net) | 22,192.19 (in lakhs) | 32,566.02 (in lakhs) | 3,108.73 (in lakhs) | 14,393.90 (in lakhs) | 73,595.47 (in lakhs) |
| Net Profit / (Loss) after tax | 30,181.80 (in lakhs) | 11,467.62 (in lakhs) | 73,556.72 (in lakhs) | 65,546.33 (in lakhs) | 69,339.95 (in lakhs) |
| Total Comprehensive Income for the period | 30,151.37 (in lakhs) | 62,051.13 (in lakhs) | 56,984.38 (in lakhs) | 65,396.86 (in lakhs) | 69,646.09 (in lakhs) |
| Net worth | 7,82,534.88 | 7,74,600.86 |
Royal India Corporation Limited (Financial Results)
| Particular | 31.03.2026 | 31.03.2020 | 31.03.2025 |
|---|---|---|---|
| Revenue from Operations | 49.52 | 22002.2 | |
| Profit Before Exceptional Items and Tax | 7110.83 | 7652.62 | |
| Profit for the period | 4672.35 | 1082.73 | |
| Total Comprehensive Income for the period | 4672.35 | 5214.14 | 1082.73 |
NCL Research & Financial Services Limited (Financial Results)
| Particulars | Quarter ended 31.03.2026 (Audited) | Quarter ended 31.03.2025 (Audited) | Year Ended 31.03.2026 (Audited) | Year Ended 31.03.2025 (Audited) |
|---|---|---|---|---|
| Total Income from Operations (Net) | (26.23) | 139.33 | 614.56 | 868.18 |
| Net Profit / (Loss) for the period (before Tax, Exceptional and/or Extraordinary items) | (686.51) | 11.74 | (281.38) | (65.43) |
| Total Comprehensive Income for the period | (597.74) | 19.42 | (268.89) | 242.62 |
GCM Securities Limited (Financial Results)
| Particulars | Quarter ended 31.03.2026 (Audited) | Quarter ended 31.03.2025 (Audited) | Year Ended 31.03.2026 (Audited) | Year Ended 31.03.2025 (Audited) |
|---|---|---|---|---|
| Total Income from Operations (Net) | 8,927.20 (in Lakhs) | 6,803.47 (in Lakhs) | ||
| Net Profit / (Loss) for the period (before Tax, items) | 60.31 (in Lakhs) | - | 55.53 (in Lakhs) | 39.96 (in Lakhs) |
| Total Comprehensive Income for the period | (421.64) (in Lakhs) | (357.61) (in Lakhs) | (460.22) (in Lakhs) | (98.78) (in Lakhs) |
Omhra gYmZm (Financial Results)
| Particulars | Quarter ended 31.03.2026 (Audited) | Quarter ended 31.12.2025 (Unaudited) | Quarter ended 31.03.2025 (Unaudited) | Year ended 31.03.2026 (Audited) | Year ended 31.03.2025 (Audited) |
|---|---|---|---|---|---|
| Total Income/Net Income | 21,808.93 (in Lakhs) | 2,627.17 (in Lakhs) | 14,109.52 (in Lakhs) | 26,666.10 (in Lakhs) | 48,848.14 (in Lakhs) |
| Profit / (loss) after Tax | 20,181.81 (in lakhs) | 11,414.41 (in lakhs) | 73,556.72 (in lakhs) | 65,546.22 (in lakhs) | 69,339.95 (in lakhs) |
| Net worth | 7,82,534.88 | 7,74,600.86 |
Other Notable Corporate Activities
- Patel Infrastructure Limited: Invited proposals from eligible solar companies for EPC works for 700 MW grid connected solar photovoltaic power projects in the state of Gujarat.
- Pro CLB Global Limited: Independent Directors recommended that the Open Offer made by Mr. Amrit Nirmal Chamaria and Mr. Niraj Nirmal Chamaria to acquire up to 13,26,780 equity shares, representing 26% of the emerging share capital, is fair and reasonable.
- Grand Foundry Limited: Revised schedule for the Open Offer was set, with the commencement of the tendering period rescheduled to Tuesday, June 09, 2026, and the expiry date moved to Monday, June 22, 2026.
Stock Price Movement
As of 10:14, Shantai Industries Ltd is dipping slightly, currently trading at ₹99.00, which represents a 0.99% dip for the session. The shares are completely flat, holding steady and locked at the ₹99.00 mark throughout the day so far.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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