Shentracon Chemicals Open Offer for 26% Stake Receives Zero Response from Public Shareholders

The mandatory open offer for Shentracon Chemicals Limited concluded with zero participation from public shareholders, as revealed in the post-offer advertisement published on February 12, 2026. The offer was made by Mr. Amit Lalit Jain and Mr. Hanish Kanakraj Jaain following their acquisition of a controlling stake in the chemical company. Open Offer Details and Response The acquirers had offered to purchase up to 11,53,917 fully paid-up equity shares of face value ₹ 10.00 each, representing 26.00% of the company's equity and voting share capital. The offer was priced at ₹ 0.50 per equity share and remained open from January 12, 2026 to January 27, 2026. Parameter Proposed Actual Result Offer Price ₹ 0.50 ₹ 0.50 Shares Offered 11,53,917 11,53,917 Shares Tendered 11,53,917 0 Shares Accepted 11,53,917 0 Offer Size ₹ 5,76,958.50 0 Background Acquisition The open offer was triggered following the acquirers' purchase of 23,17,343 equity shares representing 52.22% of the equity and voting share capital through a Share Purchase Agreement dated September 04, 2025. Prior to this agreement, both acquirers held zero shares in Shentracon Chemicals Limited. Shareholding Impact Due to the lack of response to the open offer, the post-acquisition shareholding structure differs significantly from the projected scenario: Shareholding Category Pre-Offer Projected Post-Offer Actual Post-Offer Acquirers (Number) 0 34,71,259 23,17,343 Acquirers (%) 0.00% 78.21% 52.22% Public (Number) 17,20,800 5,66,883 21,20,800 Public (%) 38.77% 12.77% 47.79% Regulatory Compliance The open offer was conducted in accordance with Regulation 3(1) and 4 of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. Bonanza Portfolio Limited served as the Manager to the Offer, while Purva Sharegistry (India) Private Limited acted as the Registrar. The post-offer advertisement was published in multiple newspapers including Financial Express, Jansatta, Mumbai Lakshadeep, and Duranta Barta, fulfilling the regulatory requirements under Regulation 18(12) of the SEBI SAST Regulations. The consideration payment date was scheduled for February 10, 2026, though no payments were required due to zero acceptance. Shentracon Chemicals Limited has announced that its Board of Directors will meet on February 13, 2026, to consider and approve the unaudited financial results for the quarter and nine months ended December 31, 2025. The announcement was made through a formal communication to stock exchanges on February 9, 2026. Board Meeting Details The meeting has been convened in accordance with Regulation 29(1)(a) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The board will specifically review the company's performance for the third quarter of fiscal year 2026 and the nine-month period ending December 31, 2025. Meeting Details: Information Meeting Date: February 13, 2026 Purpose: Consider Q3FY26 unaudited financial results Period Covered: Quarter and nine months ended December 31, 2025 Regulatory Compliance: SEBI Regulation 29(1)(a) Trading Window Status The company has informed that the trading window for its equity shares, which closed on January 1, 2026, will continue to remain closed until the financial results are announced. As per the company's disclosure policy, the trading window will reopen 48 hours after the financial results are publicly declared. Company Information Shentracon Chemicals Limited is registered under CIN L24299WB1993PLC059449 with its registered office located at 6A, Kiran Sankar Roy Road, Kolkata-700001. The company's shares are listed on BSE Limited (Scrip Code: 530757) and The Calcutta Stock Exchange Ltd (Scrip Code: 29095) with ISIN INE0OUS01011. The announcement was signed by Amit Lalit Jain, Managing Director (DIN: 05263766), who digitally signed the communication on February 9, 2026. The company has requested stock exchanges to disseminate this information on their respective websites as deemed appropriate. 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. 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