Open Offer Announced for Senthil Infotek Ltd Following Share Purchase Agreement
Synfinx Capital Private Limited, acting as the Manager to the Offer, has announced a mandatory open offer for the acquisition of equity shares of Senthil Infotek Limited. The offer is made by Mr. Kolli Murali Krishna (Acquirer 1) and Mr. Gogineni Srinivas (Acquirer 2), relating to the proposed acquisition of equity shares and voting rights.The public announcement is triggered by a Share Purchase Agreement (SPA) dated April 08, 2026, executed between the Acquirers and the existing Promoters/Sellers of the Company.
Open Offer Details
The open offer proposes the acquisition of up to 13,13,000 Equity Shares of Senthil Infotek Limited, representing 26.00% of the Voting Share Capital. The offer price has been set at ₹ 8/- per Offer Share.Assuming full acceptance of the open offer, the total consideration payable by the Acquirers will be ₹ 1,05,04,000/-. The payment of the offer price will be made in cash.
Underlying Transaction Details
The open offer is mandatory due to an Underlying Transaction recorded in a Share Purchase Agreement dated April 08, 2026. In this agreement, the Acquirers agreed to acquire a substantial stake from the Sellers.The details of the Underlying Transaction are summarized below:
| Parameter | Details |
|---|---|
| Type of Transaction | Direct |
| Mode of Transaction | Share Purchase Agreement dated April 08, 2026 |
| Shares/Rights Acquired | 31,76,300 (62.90% of Voting Share Capital) |
| Total Consideration | ₹ 1,74,69,650/- |
| Mode of Payment | Cash |
| Triggering Regulation | Regulations 3(1) and (4) of the SEBI (SAST) Regulations |
This Underlying Transaction means the Acquirers will acquire and exercise control over the Company, leading to the reclassification of the Sellers from 'promoter or promoter group' to 'public' category, while the Acquirers will assume promoter status.
Acquirers and Sellers Information
The Acquirers involved in the acquisition are Mr. Kolli Murali Krishna and Mr. Gogineni Srinivas. The existing promoters and promoter group members identified as Sellers under the Agreement include Pitchandi Chellamani, Pitchandi Seetha Lakshmi, Pitchandi Selvam, Pitchandi Anuradha, Pitchandi Malliga, and Cementeel Constructions Private Limited.The total shareholding details concerning the transaction are as follows:
| Parameter | Acquirer 1 (Kolli Murali Krishna) | Acquirer 2 (Gogineni Srinivas) | TOTAL |
|---|---|---|---|
| Pre Transaction Proposed Shareholding (Shares/Percentage) | 11,17,000 Equity Shares (22.12%) | 20,59,300 Equity Shares (40.78%) | 31,76,300 Equity Shares (62.90%) |
| Proposed Shareholding after Open Offer (Including Offer Shares) | 15,76,550 Equity Shares (31.22%) | 29,12,750 Equity Shares (57.68%) | 44,89,300 Equity Shares (88.90%) |
The Sellers held varying stakes before the transaction:
| Seller Name | Part of Promoter Group | Pre-Transaction Shares Held | % Voting Share Capital |
|---|---|---|---|
| Pitchandi Chellamani | Yes | 20,59,300 | 40.78% |
| Cementeel Constructions Private Limited | Yes | 8,67,000 | 17.17% |
| Pitchandi Selvam | Yes | 1,00,000 | 1.98% |
| Pitchandi Malliga | Yes | 1,00,000 | 1.98% |
| Pitchandi Anuradha | Yes | 50,000 | 0.99% |
| Pitchandi Seetha Lakshmi | Yes | Nil | Not Applicable |
Target Company Details
Senthil Infotek Limited, bearing CIN L72200TG1997PLC026943, is listed on the BSE Limited under Scrip Code 531980.The Company's registered office is at #157, Dhanalakshmi Society, Mahendra Hills, East Marredpally, Secunderabad, 500 026 Telangana, India.
The DPS detailing the open offer, including the Offer Price, Acquirers, Target Company, and Sellers, is expected to be published in newspapers on or before April 16, 2026.
Stock Price Movement
Senthil Infotek Ltd closed out the day Wednesday, posting at ₹29.86, which represented an advance of 4.99%. The stock appeared completely flat during the day, as its intraday range remained tightly locked at ₹29.86.Source:
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