Senthil Infotek Limited Publishes Complete Open Offer Documentation Under SEBI Regulations

Senthil Infotek Limited has formally disclosed the complete detailed public statement for the mandatory open offer initiated by acquirers Kolli Murali Krishna and Gogineni Srinivas through Synfinx Capital Private Limited. The comprehensive regulatory filing provides complete transparency regarding the acquisition structure and compliance with SEBI takeover regulations.

Open Offer Structure and Terms

The mandatory offer targets acquisition of up to 13,13,000 equity shares representing 26% of the voting share capital at ₹8 per equity share. The maximum consideration amounts to ₹1,05,04,000, with the offer stemming from a Share Purchase Agreement executed on April 08, 2026.

Offer Parameter: Details Offer Size: 13,13,000 equity shares Voting Share Capital: 26% Offer Price: ₹8 per share Maximum Consideration: ₹1,05,04,000 Face Value: ₹10 per share Payment Mode: Cash

Underlying Transaction Details

The open offer originates from a comprehensive Share Purchase Agreement where the acquirers agreed to purchase 31,76,300 equity shares (62.90% of voting share capital) from existing promoters at ₹5.50 per share. The total purchase consideration reaches ₹1,74,69,650, accompanied by change in control of the Target Company.

Seller Details: Shares Being Sold Percentage Pitchandi Chellamani: 20,59,300 40.78% Cemented Constructions Private Limited: 8,67,000 17.17% Pitchandi Selvam: 1,00,000 1.98% Pitchandi Malliga: 1,00,000 1.98% Pitchandi Anuradha: 50,000 0.99%

Acquirer Profiles and Financial Standing

Kolli Murali Krishna, aged 43 years, brings over 10 years of experience in construction, land development and real estate business. His certified net worth as of March 20, 2026, stands at ₹824.80 lakhs. Gogineni Srinivas, also 43 years old and an Overseas Citizen of India, has over 20 years of experience in software services including Data Warehousing, Integration, and Cloud Architecture. His net worth as of April 04, 2026, is certified at ₹285.69 lakhs.

Target Company Financial Performance

Senthil Infotek Limited, incorporated in 1994 and operating in Information Technology Solutions, demonstrates mixed financial performance. The company is listed on BSE Limited under scrip code 531980, though trading occurs under Graded Surveillance Measures Stage 2.

Financial Metrics: Sep 30, 2025 (6 months) Mar 31, 2025 Mar 31, 2024 Mar 31, 2023 Total Revenue: 11.09 13.55 12.65 13.72 Profit/(Loss) after Tax: 0.72 (212.69) 0.39 0.44 Earnings/(Loss) Per Share (₹): 0.01 (4.21) 0.01 0.01 Net Worth: 266.19 265.47 478.16 477.77

Offer Timeline and Implementation

The detailed public statement was published in multiple newspapers including Financial Express, Jansatta, Navshakti, and Nava Telengana on April 16, 2026. The tendering period is scheduled to commence on June 03, 2026, and close on June 16, 2026, with payment completion by July 01, 2026.

Activity: Date Public Announcement: April 08, 2026 Detailed Public Statement Publication: April 16, 2026 Offer Opening Date: June 03, 2026 Offer Closing Date: June 16, 2026 Payment Completion: July 01, 2026

Post-Acquisition Strategic Plans

Following successful completion, the acquirers will hold majority equity shares enabling effective management and control over the Target Company. They plan to reconstitute the board of directors and may diversify the company's business activities into other lines of business, subject to applicable regulations. The existing promoters will be reclassified from promoter group to public category upon completion of the transaction. The acquirers have confirmed compliance with minimum public shareholding requirements under SEBI regulations.

Senthil Infotek Limited, a Secunderabad-based company, has reported a marginal profit for the quarter ended June 30, marking a turnaround from the previous quarter's loss. The company's board approved the unaudited financial results, which were reviewed by the Audit Committee and received a clean limited review report from auditors M S P R & Co.

Financial Highlights

Net Profit: Rs 0.02 lakhs, compared to a loss of Rs 4.68 lakhs in the previous quarter and a profit of Rs 0.07 lakhs in the same quarter last year.

Total Income: Increased to Rs 5.90 lakhs from Rs 4.21 lakhs in the previous quarter.

Revenue Breakdown:

Revenue from operations: Rs 3.87 lakhs

Other income: Rs 2.03 lakhs

Total Expenses: Decreased to Rs 5.88 lakhs from Rs 8.89 lakhs in the previous quarter.

Paid-up Equity Share Capital: Maintained at Rs 505.00 lakhs.

Earnings per Share: Remained at Rs 0.00 for both basic and diluted calculations.

Quarterly Performance Comparison

Particulars (in Lakhs) Q1 (30.06.2025) Q4 (31.03.2025) Q1 (30.06.2024) Revenue from operations 3.87 2.05 2.35 Other Income 2.03 2.16 0.22 Total Income 5.90 4.21 2.57 Total Expenses 5.88 8.89 2.50 Net Profit/(Loss) 0.02 (4.68) 0.07

The company's financial performance shows a slight improvement in the latest quarter. The total income increased by 40% compared to the previous quarter, primarily driven by higher revenue from operations. Notably, the company managed to reduce its total expenses by 34%, which contributed to the turnaround from loss to profit.

Management Commentary

While specific management comments were not provided in the available data, the company's ability to increase revenue and reduce expenses suggests a focus on operational efficiency and cost management.

Auditor's Review

M S P R & Co., the company's auditors, conducted a limited review of the financial results. They stated that nothing has come to their attention that causes them to believe that the financial results have not been prepared in accordance with applicable accounting standards and principles.

The board meeting for the approval of these results was held on August 14, at the company's registered office, concluding at 5:00 PM.

Investors and stakeholders may note that while Senthil Infotek has returned to profitability, the margins remain thin. The coming quarters will be crucial in determining if the company can sustain and build upon this positive momentum.

We’re building Scanx - to help you express your trading & investing idea, to help you analyse the markets better.

Stock Markets are the true indicator of the growth of any country's economy. We are bullish on India, we are bullish on India's prospects to be one of largest economies of the world. We believe that Stock Markets provide an unique opportunity for all Indians to participate in the growth story of India. We are enabling the same for Indians.

As financial services are becoming more accessible, there is now a large set of Indians today who are financially aware and literate. They value time and seek high quality products & services. Most screening, trading, investing platforms available today are more or less similar to each other, and they have not evolved with time. While both traders & investors have gotten smart about how they make money and build wealth, as users they have continued to use the same products, features, and platforms that were available for years with little or no innovation. We plan to change that - a technology-led platform built for super traders and long term investors.