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📋 Filing Types Available on ForgeUp Filings Sourced from BSE corporate announcements (equity segment). Companies covered are BSE-listed and most are also listed on NSE. We show only material filings.

Financial Results Orders Dividend Buyback Merger / Acquisition Board Meeting Outcome Fundraise (QIP / Rights / FPO) Regulatory / Court Order Credit Rating Change Promoter Pledge Update Management Change Joint Venture / MOU Delisting Bonus Shares Stock Split

Data sourced from BSE India corporate announcements. More categories will be added over time.

Krishna Capital and Securities Ltd

Krishna Capital: Ashu Bishnoi & Yagnik Tank launch Open Offer for 18.05L shares at Rs. 20

M&A ◆ Monitor Closely MEDIUM RISK

📅 Filed on BSE: 13 Apr 2026, 06:30 PM IST · BSE ID: 8614212f-a1c5-4441-8df9-89470b9b5f5e

View Original BSE Filing (PDF)

💡

In Simple Terms

Two investors are making a mandatory offer to buy 5.44% of Krishna Capital shares at Rs. 20 each after acquiring 42.87% stake from existing promoters.

🤖 AI Summary

Open Offer filed: Ashu Bishnoi & Yagnik Tank acquiring 18,04,508 shares at Rs. 20.00 each
Triggering event: March 26, 2026 Share Purchase Agreement for 42.87% stake (13,53,892 shares) from promoters
Offer size: 5.44% of emerging voting capital; offer price Rs. 20.00 per equity share
Compliance: SEBI (SAST) Regulations 3(1) & 4 triggered; RBI approval still required
Timeline: Draft Letter of Offer filed April 13, 2026; tendering period commences after May 21, 2026

🔢 Key Numbers — exact figures from BSE filing, not rounded

Open Offer Quantity

18,04,508 equity shares

Open Offer Price

Rs. 20.00 per share

Open Offer Size (% of voting capital)

5.44%

Promoter Acquisition (March 26, 2026)

13,53,892 shares @ Rs. 20.00 = Rs. 2,70,77,840

Promoter Stake Acquired

42.87% of pre-issue share capital

🏢 How This Affects the Company

📈

Business Impact

Control of the company shifts from original promoters to Ashu Bishnoi and Yagnik Tank. Public shareholders retain no blocking stake post-offer completion; acquirers will hold 48.31% of voting capital if public acceptance reaches maximum.

💰

Financial Impact

Acquirers commit Rs. 2,70,77,840 for promoter stake and additional capital for public share acquisitions up to Rs. 3,60,90,160 (18,04,508 shares × Rs. 20). Company balance sheet and cash flows are not directly affected but ownership structure undergoes material change.

⚠️

Risk Impact

Change of control introduces uncertainty regarding management continuity, strategic direction, and dividend policy. RBI approval remains a condition precedent; transaction completion subject to receipt of all statutory approvals.

👥 What This Means For Shareholders

✅

Action Required

Public shareholders must submit acceptance forms within the tendering period (opening after May 21, 2026) if they wish to tender shares at Rs. 20.00 per share.

👤

Who Is Affected

Public shareholders holding 18,04,508 eligible shares (5.44% of voting capital). Promoter shareholders already sold 42.87% stake. Non-accepting public shareholders remain as minority stakeholders under new management.

🔍

Management Signal

Acquisition structure and unconditional offer terms signal acquirers' commitment to assume full control and management responsibility.

For information only. Not investment advice. ForgeUp is not SEBI-registered.

👁 Watch List — track these upcoming events

RBI approval issuance or rejection status — regulatory gate for transaction completion

Open offer tendering period commencement — scheduled post-May 21, 2026; track public acceptance rates

Regulation 31A(10) completion filing — acquirers must file promoter reclassification once settlement concludes

MEDIUM RISK Pending RBI regulatory approval creates execution uncertainty. Change-of-control introduces management and dividend policy risk for retaining shareholders.

💡 Investor Takeaway

Ashu Bishnoi and Yagnik Tank have filed a mandatory open offer to acquire 18,04,508 shares at Rs. 20.00 per share following their March 26, 2026 purchase of 42.87% stake for Rs. 2,70,77,840. RBI approval remains outstanding. Public shareholders must decide acceptance within tendering period commencing post-May 21, 2026.

⚖️ Strengths & Concerns

✅ Positives

Offer price Rs. 20.00 is consistent across both tranches—promoter acquisition and public offer—indicating fair valuation
Offer is unconditional; not subject to minimum acceptance threshold, providing certainty to accepting public shareholders

⚠️ Concerns

RBI approval not yet obtained; transaction remains subject to regulatory clearance, creating execution risk
Public shareholders hold only 5.44% of offer size; limited ability to influence outcome of control transfer

📅 Company Track Record

Krishna Capital and Securities Limited, incorporated 1994 (CIN L67120GJ1994PLC023803), is registered in Ahmedabad. Board approved stake sale on March 26, 2026. This open offer follows mandatory trigger rules under SEBI Takeover Regulations after crossing 25% threshold.

Based on publicly available historical data. For context only.

📑 More from Krishna Capital and Securities Ltd

Krishna Capital Board Meeting to Discuss Q2 FY27 Un-Audited Results

BOARD · 26 Oct 2026

Krishna Capital & Securities Re-appoints Independent Director Meenu Maheswari

MANAGEMENT · 19 Jun 2026

Krishna Capital reappoints Meenu Maheshwari as Independent Director

BOARD · 19 Jun 2026

Krishna Capital Board Meeting April 24 – Q4 FY26 Results Approval

BOARD · 21 Apr 2026

Krishna Capital: Draft Open Offer for 18,04,508 shares at Rs. 20/share filed

M&A · 13 Apr 2026

Krishna Capital appoints Nishant Darak as Independent Director for 5-year term

MANAGEMENT · 08 Apr 2026

All BSE filings we have analysed for Krishna Capital and Securities Ltd.

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⚠️ For Information Only — Not Investment Advice
ForgeUp Filings provides AI-generated summaries of public BSE exchange announcements (equity segment) for informational purposes only. Nothing here constitutes investment advice or a recommendation to buy, sell, or hold any security. ForgeUp is not a SEBI-registered investment advisor. All financial numbers are sourced directly from BSE filings and shown as-is. Past data is historical only. Please consult a qualified financial advisor before making investment decisions. Data sourced from BSE India public disclosures.