Open Offer Completed for Grameva Ltd; Promoter Status Reclassified Following Share Acquisition
Grameva Ltd, formerly known as Bangalore Fort Farms Limited, announced the completion of its Open Offer following the successful acquisition of equity shares by a group of entities. This event results in key changes regarding the classification of certain shareholders within the company.The Open Offer was concluded on Thursday, April 16, 2026, led by Mrs. Maneesha Singh, Jagsakti Merchandise Private Limited, and Ros Advisory Private Limited (formerly known as Ros Insurance Advisors Private Limited). These entities collectively referred to as 'Acquirers' conducted the transaction for the acquisition of equity shares in Grameva Ltd.
The completion of the Open Offer marks a significant shift in shareholder composition and classification within the company. Genesis Trade-Links Private Limited, which was previously designated with promoter status, is being reclassified from the Promoter category to the Public category.
Shareholding Details for Reclassified Entity
The following table details the shareholding positions of the entity undergoing reclassification prior to and after the completion of the Open Offer:| Name | Shares Before Open Offer | % (Before) | Shares After Open Offer | % (After) |
|---|---|---|---|---|
| Genesis Trade-Links Private Limited | 1,595,693 | 33.25 | 0 | 0.00 |
| Total | 1,595,693 | 33.25 | 0 | 0.00 |
Confirmation of Corporate and Promoter Status
The entity undergoing reclassification confirmed several points related to its status within the company as part of a commitment under the terms of the offer. The promoter group has confirmed that they do not hold more than ten percent of the total voting rights in Grameva Ltd, nor do they exercise direct or indirect control over the affairs of the company. Furthermore, it was affirmed that the entity does not have any special rights regarding the company through formal or informal arrangements and shall not be represented on the Board of Directors for a period of three years from the date of reclassification.Grameva Ltd confirmed its compliance with minimum public shareholding requirements. The equity shares of the company are also confirmed to be in good standing, having no outstanding dues payable to the Securities and Exchange Board of India (SEBI), the Stock Exchanges, or the Depositories.
Following the completion of the Open Offer by the Acquirers, they have been classified as the Promoters/Promoter Group of Grameva Ltd, while the formerly associated promoter entity has been reclassified into the public category with immediate effect.
Stock Price Movement
As of 12:52, Grameva Ltd. is ticking up strongly in the market at ₹104.20, fueled by a nearly 5% gain on its shares. The stock has seen notable intraday volatility, trading within a range between a low of ₹96.00 and the current high of ₹104.20.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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