Sanginita Chemicals Limited Announces Open Offer for Acquisition of Shares

Sanginita Chemicals Limited Announces Open Offer for Acquisition of Shares​

Sanginita Chemicals Limited announced on March 20, 2026, an open offer to acquire 1,56,89,957 fully paid-up equity shares, representing 26% of the Emerging Fully Diluted Voting Equity Share Capital, from public shareholders. The offer is made by B N G Investment LLC (Acquirer 1) and Mr. Anubhav Agarwal (Acquirer 2) at a price of Rs. 13.55 per equity share.

The open offer is a consequence of a Share Swap and Share Purchase Agreement ("SSSPA") executed on March 20, 2026, amongst Sanginita Industries LLP, Dineshsinh Bhimsinh Chavada, Vijaysinh Dineshsinh Chavada, Hansaben Dineshsinh Chavada, Anita Ravindrasinh Aswar, B N G Investment LLC, and Mr. Anubhav Agarwal.

Key details of the transaction include:

• Offer Size: 1,56,89,957 equity shares
• Offer Price: Rs. 13.55 per share
• Total Consideration: Rs. 21,25,98,917.35
• Mode of Payment: Cash

The Acquirers will also purchase 65,78,994 Equity Shares from Sellers at a price of Rs. 13.05 per share, constituting 10.90% of the Expanded issued, subscribed and voting capital. Additionally, the Board approved the acquisition of 95,00,000 equity shares of Agastya Green Energy Limited and the issuance of 1,52,87,356 Equity Shares to B N G Investment LLC and 1,91,57,080 Equity Shares for cash consideration at a price of Rs. 13.05 per equity share.

The total preferential issue comprises the allotment of 3,44,44,436 Equity Shares, including 1,52,87,356 shares to B N G Investment LLC through share swap and 1,91,57,080 shares for cash consideration.

Finshore Management Services Limited has been appointed as the Manager to the Open Offer. A Detailed Public Statement will be published on or before March 30, 2026.

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