Disclosure of completion of Acquisition of Simandhar Impex Limited , (the Target Company) by Farmico Internation Pvt Ltd under regulation 30 of SEBI(LODR) 2015 is annexed herewith.
M&A
▲ Positive Development
LOW RISK
📅 Filed on BSE: 06 Jun 2026, 04:57 PM IST · BSE ID: 02a2e608-f777-472a-9589-8df46d9caadf
View Original BSE Filing (PDF)
💡
In Simple Terms
Farmico International now owns 74.64% of Simandhar Impex and has taken control of the company.
🤖 AI Summary
- Farmico International Private Limited completed the acquisition of 22,81,615 equity shares of Simandhar Impex Limited.
- The acquisition represents 74.64% of Simandhar Impex's paid-up equity share capital as of May 21, 2026.
- Farmico International and Mr. Chandraprakash Wadhwani are now part of Simandhar Impex's Promoter and Promoter Group.
- Completion follows a Share Purchase Agreement and an Open Offer, resulting in effective control over Simandhar Impex.
🔢 Key Numbers — exact figures from BSE filing, not rounded
Equity Shares Acquired
22,81,615
Percentage of Paid-up Equity Capital
74.64%
🏢 How This Affects the Company
The acquisition by Farmico International Private Limited signifies a change in ultimate strategic direction and business focus for Simandhar Impex.
The change in control will integrate Simandhar Impex into Farmico International's financial reporting and potentially influence its future capital allocation decisions.
Operational management and resource deployment for Simandhar Impex will now be aligned with the new promoter, Farmico International.
The completion of the acquisition reduces the uncertainty associated with the change of control process previously underway.
👥 What This Means For Shareholders
✅
Action Required
No immediate action is required from shareholders based on this completion disclosure.
👤
Who Is Affected
All existing shareholders are affected by the change in the company's ultimate controlling entity, as Farmico International now holds 74.64% of the equity shares.
🔍
Management Signal
The completion of the acquisition signals a decisive strategic move by the new acquirer to assume control and integrate Simandhar Impex into its group.
For information only. Not investment advice. ForgeUp is not SEBI-registered.
👁 Watch List — track these upcoming events
Board meeting updates — monitor for new management appointments or strategic changes.
Next quarterly financial results — assess any initial financial impact under new management.
Future disclosures — observe any further reclassification of promoter group members.
LOW RISK
The filing confirms a completed event, reducing prior acquisition-related uncertainties.
💡 Investor Takeaway
Farmico International Private Limited completed the acquisition of 22,81,615 equity shares of Simandhar Impex Limited on May 21, 2026, securing 74.64% of the paid-up equity capital. Farmico International and Mr. Chandraprakash Wadhwani are now the Promoters.
⚖️ Strengths & Concerns
✅ Positives
- Completion of the acquisition on May 21, 2026, by Farmico International establishes clear new ownership and management control.
- Farmico International now holds a 74.64% stake, providing a significant majority and stable controlling interest in the company.
📅 Company Track Record
Simandhar Impex Limited (CIN:U46498MH2023PLC415552) was incorporated in 2023. Farmico's open offer for 25.36% stake at Rs. 30 per share closed with Nil shares tendered. Farmico acquired 74.64% stake with management control as of May 21, 2026.
Based on publicly available historical data. For context only.
❓ Frequently Asked Questions
Who has acquired Simandhar Impex Limited?
Farmico International Private Limited has completed the acquisition of Simandhar Impex Limited.
What percentage of Simandhar Impex's equity has been acquired by Farmico International?
Farmico International has acquired 22,81,615 equity shares, representing 74.64% of Simandhar Impex Limited's paid-up equity share capital.
When was the acquisition of Simandhar Impex Limited completed?
The acquisition of Simandhar Impex Limited by Farmico International Private Limited was completed on May 21, 2026.
Who are the new Promoters of Simandhar Impex Limited?
M/s Farmico International Private Limited and Mr. Chandraprakash Wadhwani have become part of the Promoter and Promoter Group of Simandhar Impex Limited.
Questions based on this BSE filing only. For information purposes.