Trading Members and Custodians are requested to note that Securities Exchange Board of India (SEBI) has issued Mechanism for acquisition of shares through Stock Exchange pursuant to Tender-Offers under Takeover, Buy Back and De-listing vide its circular no. CIR/CFD/POLICYCELL/1/2015 dated April 13, 2015 and no. CFD/DCR2/CIR/P/2016/131 dated Dec 09, 2016. The Exchange vide its notice no. 20170210-16 dated Feb 10, 2017,20190424-35 dated April 24, 2019 and 20200528-32 dated 28 May 2020, 20201102-43 dated 02 Nov 2020, 20210825-62 dated Aug 25,2021 has issued Revised Guidelines of Mechanism for acquisition of shares through Stock Exchange pursuant to Tender-Offers under Takeovers, Buy Back and Delisting.
All Market Participants are hereby informed that an Open Offer (“Offer”) is made by Mr. Saurabh Goyal (‘Acquirer 1’) and Mr. Sanidhya Garg (‘Acquirer 2’) (hereinafter collectively referred to as ‘Acquirers’) to the existing public shareholders of Integrated Technologies Limited (“Target Company”) to acquire up to 12,43,193 (Twelve Lakh Forty Three Thousand One Hundred Ninety Three) fully paid-up equity shares of face value of INR 10/- each representing 26.00% (Twenty Six Percent) of the Voting Share Capital of the Target Company at a price of Rs. 9/- (Rupees Nine only) per fully paid up Equity Share (“Offer Price”) payable in Cash to the Public Shareholders of the Target Comapny, pursuant to Regulation 3(1) and 4 of SEBI Takeover Regulations and subsequent amendments thereto for substantial acquisition of Shares and voting rights of the Target accompanied with change in control and management of the Target Company, from February 28, 2023 to March 14, 2023.
Letter of Offer is herewith attached for your perusal.
Market participants are further requested to note that this offer will be as per the Revised Guidelines of SEBI circular no. CFD/DCR2/CIR/P/2016/131 dated Dec 09, 2016 and Exchange notice no. 20170210-16 dated Feb 10, 2017 and 20190424-35 dated April 24, 2019 along with the details of this Offer to Buy would be available on BSE Website – www.bseindia.com.
Mangesh Tayde
Assistant General Manager
Listing Sales & Ops
February 24, 2023 |