BSECompany Update19h ago · 24 Sept 2026, 04:13 pm

Fintellectual Corporate Advisors Pvt. Ltd. ("Manager to the Open Offer") has submitted to BSE a copy of Letter of Offer for the attention of public shareholders of Pasupati Fincap Ltd ("Target Company").

Pasupati Fincap Ltd · 511734

✦ AI SummaryFundraise

Pasupati Fincap Ltd has received an open offer from Uday Narang to acquire up to 12,22,000 (Twelve Lakh Twenty Two Thousand) fully paid-up equity shares, representing 26.00% of the voting share capital, at ₹ 12/- (Rupees Twelve Only) per share.

Analysis Scores

Earnings Impact5/10
Growth Catalyst2/10
Governance Concern1/10
Regulatory Risk6/10
Balance Sheet Risk4/10
Liquidity Impact8/10
Market Sentiment5/10

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Pasupati Fincap Ltd - 511734 - Letter of Offer

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0C49054A-5B96-4233-9448-FDAB2C13D4EA-161338.pdf

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FINTE LLECTUAL CORPORATE ADVISORS (SEBI Registered Category I Merchant Banker) Date: September 24, 2026 The Listing Department BSE Limited Phiroze Jeejeebhoy Towers Dalal Street Mumbai- 400001 Ref.: Pasupati Fincap Limited (Scrip Code: S1r17g4) Dear Sir, SUBIECT: oPEN oFFER FoR ACeUISITION oF UpTo t2,22,ooo (TWELVE LAKH TWENTY TWO THOUSAND) zuLLY PAID-UP EQUITY SHARES FROM THE SHAREHOLDERS OF PASUPATI FINCAP LIMITED (HEREINAF'IER REFERRED TO AS "TARGET COMPANY"/ "TARGET') BY UDAY NARANG (HEREINAF'TER REFERRED TO AS',ACQUIRER") Copy of Letter of offer ("LoF") dated september 2026, pursuant th the applicable provisions of the securities and Exchange Board of ition of Shares and Takeovers) Regulations, 2011. Kindly take the above information on your records and disseminate the Letter of Offer on the website of BSE Limited. Thanking You, Yours faithfully, Advisors Private Limited FINTELLECTUAL CORPORATE ADVISORS PRIVATE LIMITED O n"C. Office: S-15, First Floor, Sapient House, Okhla lndustrial Area Phase-ll, New Delhi-110 020 CIN: U 74999DL2021 PTC3777 4 Q Corporate Office: B-20, Second Floor, Sector-l, Noida, Uttar pradesh-201 301 @ infoofi ntellectualadvisors.com valuations@fi ntellectualadvisors.com @ www.fintellectualadvisors.com $ fet: +9L-L2O-4266080 LETTER OF OFFER THIS DOCUMENT IS IMPORTANT AND REQUIRES YOUR IMMEDIATE ATTENTION The Letter of Offer will be sent to you as a Public Shareholder(s) of Pasupati Fincap Limited (hereinafter referred to as “Target Company” or "Target"). If you require any clarification about the action to be taken, you may consult your Stock Broker or Investment Consultant or Manager/Registrar to the Offer. In case you have recently sold your shares in the Company, please hand over the Letter of Offer and the accompanying Form of Acceptance cum Acknowledgement and Transfer Deed to the Member of Stock Exchange through whom the said sale was effected. Open Offer by Uday Narang (“Acquirer”) Address: House No. D-1104, 1st Floor, New Friends Colony, Delhi-110025 Tel. No.: 9315849647; Email Id: uday@anglianomega.net to the shareholder(s) of PASUPATI FINCAP LIMITED Registered office: Shop No. 37, Shanker Market, Connaught Place, Janpath, New Delhi-110001; Corporate Office: 3rd Floor, 56/33, Site IV Industrial Area, I.E. Extension, Ghaziabad, Uttar Pradesh-201010; Telephone No.: 9211515079; Email Id: pasupatifincaplimited@gmail.com; Website: www.pasupatifincap.co.in; To acquire upto 12,22,000 (Twelve Lakh Twenty Two Thousand) Fully Paid-up Equity Shares of face value of ₹10 each ("Offer Shares"), representing in aggregate 26.00% of the voting share capital of the Target Company at a price of ₹ 12/- (Rupees Twelve Only) (“Offer price”) per fully paid-up Equity Share, payable in cash. Please Note: 1. This Offer is being made by the Acquirer pursuant to Regulation 4 of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 and subsequent amendments thereto (“SEBI (SAST) Regulations”). 2. This Open Offer is not conditional upon any minimum level of acceptance in terms of regulation 19 of SEBI (SAST) Regulations. 3. This Open Offer is not a competing offer in terms of Regulation 20 of the SEBI (SAST) Regulations. There has been no Competing Offer as on the date of this Letter of Offer. 4. As on the date of this Letter of Offer, there are no statutory approvals required for the purpose of implementing this Offer. If any statutory approvals become applicable prior to the completion of the Offer, the Offer would also be subject to receipt of such statutory approvals. 5. If there is any upward revision in the Offer Price/Offer Size by the Acquirer at any time up to 1 (One) Working Day prior to the commencement of the Tendering Period i.e. up to September 29, 2026 (Tuesday) or in the case of withdrawal of offer, the same would be informed by way of the Public Announcement in the same newspapers where the original Detailed Public Statement was published. Such revision in the Offer Price would be payable by the Acquirer for all the Offer Shares validly tendered anytime during the Tendering Period of the Open Offer. 6. A copy of the Public Announcement, the Detailed Public Statement, Draft Letter of Offer and Letter of Offer (including Form of Acceptance cum Acknowledgment) are also available on SEBI’s website at www.sebi.gov.in. MANAGER TO THE OFFER REGISTRAR TO THE OFFER FINTELLECTUAL CORPORATE ADVISORS PRIVATE LIMITED SKYLINE FINANCIAL SERVICES PRIVATE LIMITED SEBI Registration No.: INM000012944 SEBI Registration No.: INR000003241 Corp. Off.: B- 20, Second Floor, Sector -1, Noida, Regd. Off.: D-153 A, 1st Floor, Okhla Industrial Area, Uttar Pradesh- 201301 Phase-I, New Delhi-110020 Tel. No.: +91-120-4266080 Tel. No.: 011-40450193-97 Contact Person: Mr. Amit Puri Contact Person: Mr. Anuj Kumar E-mail ID: info@fintellectualadvisors.com Email ID: ipo@skylinerta.com Website: www.fintellectualadvisors.com Website: www.skylinerta.com Offer Opening Date Offer Closing Date October 01, 2026 (Thursday) October 15, 2026 (Thursday) SCHEDULE OF THE ACTIVITIES PERTAINING TO THE OFFER Tentative Schedule of Activities Original Schedule of Activities Revised Schedule of Activities (Day and Date) (Day and Date)* Date of the Public Announcement August 05, 2026 (Wednesday) August 05, 2026 (Wednesday) Last date of publication of the Detailed Public August 12, 2026 (Wednesday) August 12, 2026 (Wednesday) Statement Last date of filing of the Draft Letter of Offer with SEBI August 19, 2026 (Wednesday) August 19, 2026 (Wednesday) Last date for a Competing Offer^ September 03, 2026 (Thursday) September 03, 2026 (Thursday) Last date for receipt of comments from SEBI on Draft September 10, 2026 (Thursday) September 15, 2026 (Tuesday) Letter of Offer (in the event SEBI has not sought clarifications or additional information from the Manager to the Offer) Identified Date# September 15, 2026 (Tuesday) September 17, 2026 (Thursday) Last date by which Letter of Offer will be dispatched September 22, 2026 (Tuesday) September 24, 2026 (Thursday) to the Shareholders Last date by which an independent committee of the September 24, 2026 (Thursday) September 28, 2026 (Monday) Board of Target Company shall give its recommendation Last date for revising the Offer Price/ Offer Size September 25, 2026 (Friday) September 29, 2026 (Tuesday) Advertisement of Schedule of Activities for Open September 28, 2026 (Monday) September 30, 2026 Offer, status of statutory and other approvals in (Wednesday) newspaper (Offer Opening Public Announcement Date) Date of commencement of tendering period (Offer September 29, 2026 (Tuesday) October 01, 2026 (Thursday) Opening Date) Date of expiry of tendering period (Offer Closing October 13, 2026 (Tuesday) October 15, 2026 (Thursday) Date) Date by which all requirements including payment of October 28, 2026 (Wednesday) October 30, 2026 (Friday) consideration would be completed Notes: *Where last dates are mentioned for certain activities, such activities may take place on or before the respective last dates. #Identified Date is only for the purpose of determining the names of the shareholders as on such date to whom the Letter of Offer would be sent. All owners (registered or unregistered) of Equity Shares of the Target Company (except (a) the Promoter and Promoter Group of the Target Company; (b) the Acquirer and any person deemed to be acting in concert with them; (c) the parties to the Share Purchase Agreement; (d) any person deemed to be acting in concert with the parties to SPA) are eligible to participate in the Offer at any time before the closure of the Offer. ^There was no competing offer. RISK FACTORS RISKS RELATED TO THE TRANSACTION, THE PROPOSED OPEN OFFER AND THE PROBABLE RISKS INVOLVED IN ASSOCIATING WITH THE ACQUIRER (A) Risk relating to the transaction The Open Offer is subject to compliance with terms and conditions as set out under the Share Purchase Agreement dated August 05, [Showing first 8,000 characters — download PDF for full document]