Farmico International Private Limited Acquires 74.64% Stake in Simandhar Impex Limited
Farmico International Private Limited has completed the acquisition of shares in Simandhar Impex Limited, securing a 74.64% stake in the target company. The acquisition transaction was finalized and recorded on May 21, 2026.Farmico International Private Limited, acting as the acquirer, acquired the shares through an open market or off-market purchase, which was carried out pursuant to a Share Purchase Agreement dated January 14, 2026.
Acquisition Details and Shareholding
The acquisition focused on shares carrying voting rights. The total number of shares acquired by Farmico International Private Limited was 22,81,615. This figure represents a 74.64% stake in Simandhar Impex Limited.Before the acquisition, the initial holding of the acquirer stood at 0.00% of the total diluted share/voting capital. After the transaction, the acquirer's holding, along with any persons acting in concert, increased to 74.64%.
The acquisition involved only shares carrying voting rights and did not include any warrants, convertible securities, or shares in the nature of encumbrance.
Capital Structure Changes
The transaction impacted the voting capital of Simandhar Impex Limited (the Target Company, TC).The total voting capital of the Target Company before the acquisition was recorded as 30,56,925 Equity Shares of INR 10/- each. Following the acquisition, the total diluted share/voting capital remained unchanged at 30,56,925 Equity Shares of INR 10/- each.
For a clear view of the shareholding data, the following table outlines the key figures:
| Metric | Pre-Acquisition Status | Post-Acquisition Status |
|---|---|---|
| Target Company | Simandhar Impex Limited | Simandhar Impex Limited |
| Total Voting Capital (Before) | 30,56,925 Equity Shares of INR 10/- each | N/A |
| Total Voting Capital (After) | N/A | 30,56,925 Equity Shares of INR 10/- each |
| Shares Acquired | N/A | 22,81,615 |
| Percentage Acquired | 0.00% | 74.64% |
Mrs. Priya Joshi, Director of Farmico International Private Limited, is the representative issuing the notice regarding the acquisition.
Stock Price Movement
As of 10:16, shares of Simandhar Impex Ltd are ticking down slightly, trading at ₹149.05, marking a 0.53% decline for the day. The stock is currently locked, trading completely flat at the ₹149.05 mark for the entire session.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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