BSECompany Update21h ago · 24 Sept 2026, 10:09 pm
Wealth Mine Networks Limited ("Manager to the Offer") has submitted to BSE and company a copy of Public Annoucement (PA) under regulation 3(1), 4 read with regulation 13 and regulation 14 and Regulation 15 (1) of Securities and Exchange of Board of India (Substantial Acquisition of Shares and Takeover Regulations, 2011)Regulations, 2011 and Subsequent Amendments thereto for the attention of the Public Shareholders of Mapro Industries Limited ("Target Company").
Mapro Industries Ltd · 509762
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Arambhveer Limited has submitted a public announcement for an open offer to acquire up to 21,81,121 equity shares of Mapro Industries Limited, representing 26.00% of the voting share capital, at ₹ 60.13 per share.
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Market Sentiment5/10
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Full Announcement
Mapro Industries Ltd - 509762 - Open Offer - Public Announcement
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Dt. September 24, 2026
Listing Department
BSE Limited
Phiroze Jeejeebhoy Towers
Dalal Street
Mumbai – 400 001
Scrip Code: 509762
Dear Sir/Madam,
Sub: Proposed Open Offer by Arambhveer Limited (“Acquirer”), to acquire up to 21,81,121 (Twenty One
Lakh Eighty One Thousand One Hundred And Twenty One) fully paid-up Equity Shares of face value of ₹
10/- (Rupees Ten only) each for cash at a price of ₹ 60.13/- (Rupees Sixty Point Thirteen only) per Equity
Shares aggregating up to ₹ 13,11,50,806/- (Rupees Thirteen Crore Eleven Lakh Fifty Thousand Eight
Hundred Six Only), representing 26.00% (Twenty Six Percent) of the Voting Share Capital of the Target
Company, to the Public Shareholders of Mapro Industries Limited (“Target Company”) pursuant to and
in compliance with the requirements of the Securities and Exchange Board of India (Substantial Acquisition
of Shares and Takeovers) Regulations, 2011, as amended (“SEBI (SAST) Regulations, 2011”) (“Offer” Or
“Open Offer”).
We have been appointed as ‘Manager’ to the captioned Open Offer by the Acquirer in terms of Regulation 12(1)
of the SEBI (SAST) Regulations, 2011. In this regard, pursuant to Regulation 14(2) of the SEBI (SAST)
Regulations, 2011, we are enclosing a soft copy of Public Announcement dated September 24, 2026 (“PA”), for
your kind reference and records.
In case of any clarification required, please contact the person as mentioned below:
Contact Person Designation Contact Number E-mail Id
Mr. Jay Trivedi Managing Director +91 7778867143 info@wealthminenetworks.com
We request you to kindly consider the attachments as good compliance and disseminate it on your website.
For Wealth Mine Networks Limited
Mr. Jay Trivedi
Managing Director
DIN: 09834417
Encl: Public Announcement
SEBI REG .:INM000013077 REGISTERED OFFICE: BRANCH OFFICE:
CIN: U93000GJ1995PLC025328
PUBLIC ANNOUNCEMENT UNDER REGULATIONS 3(1), 3(3) AND 4 READ WITH REGULATIONS
13, 14 AND 15(1) OF SECURITIES AND EXCHANGE BOARD OF INDIA (SUBSTANTIAL
ACQUISITION OF SHARES AND TAKEOVERS) REGULATIONS, 2011, AS AMENDED
For The Attention Of The Public Shareholders Of
MAPRO INDUSTRIES LIMITED
CIN: L70101MH1973PLC020670
Regd. Office: 505, Corporate Corner, Sunder Nagar, Malad (W), Mumbai City, Mumbai -
400064, Maharashtra, India, Tel. No: +91 9609199385,
E-mail ID: info@maproindustries.com; listing@maproindustries.com,
Website: www.maproindustries.com
OPEN OFFER FOR ACQUISITION OF UP TO 21,81,121 (TWENTY ONE LAKH EIGHTY ONE
THOUSAND ONE HUNDRED AND TWENTY ONE) FULLY PAID-UP EQUITY SHARES OF FACE
VALUE OF ₹ 10 EACH (“EQUITY SHARES”), REPRESENTING 26.00% (TWENTY SIX PERCENT)
OF THE VOTING SHARE CAPITAL (AS DEFINED BELOW), OF MAPRO INDUSTRIES LIMITED
(“TARGET COMPANY”), BY ARAMBHVEER LIMITED (“ACQUIRER”), FROM THE PUBLIC
SHAREHOLDERS (AS DEFINED BELOW) OF THE TARGET COMPANY, PURSUANT TO AND IN
COMPLIANCE WITH REGULATIONS 3(1), 3(3) AND 4 READ WITH REGULATIONS 13, 14 AND
15(1) OF THE SECURITIES AND EXCHANGE BOARD OF INDIA (SUBSTANTIAL ACQUISITION OF
SHARES AND TAKEOVERS) REGULATIONS, 2011, AS AMENDED (“SEBI (SAST) REGULATIONS,
2011”) (“OFFER” OR “OPEN OFFER”).
THIS PUBLIC ANNOUNCEMENT (“PA”) IS BEING ISSUED BY WEALTH MINE NETWORKS
LIMITED, THE MANAGER TO THE OPEN OFFER, FOR AND ON BEHALF OF THE ACQUIRER,
TO THE PUBLIC SHAREHOLDERS (AS DEFINED BELOW) OF THE TARGET COMPANY,
PURSUANT TO AND IN COMPLIANCE WITH REGULATIONS 3(1), 3(3) AND 4 READ WITH
REGULATIONS 13, 14 AND 15(1) AND OTHER APPLICABLE PROVISIONS OF THE SEBI (SAST)
REGULATIONS, 2011.
For the purpose of this Public Announcement, the following terms have the meanings assigned to them below:
(a) “Acquirer” as defined under Regulation 2(1)(a) of SEBI (Substantial Acquisition of Shares and Takeovers)
Regulations, 2011 (“SAST Regulations”), means any person who, directly or indirectly, acquires or agrees
to acquire whether by himself, or through, or with persons acting in concert with him, shares or voting rights
in, or control over a target company. With reference to this Public Announcement, Arambhveer Limited shall
mean and understand as Acquirer and Mr. Pandurang Ashru Kolbhor, Mr. Shrimant Ramesh Aurade And
Ms. Geetanjali Vijay Gavali, as Person Acting in Concert (PAC).
(b) “Target Company” as defined under Regulation 2(1)(z) of SEBI (Substantial Acquisition of Shares and
Takeovers) Regulations, 2011 (“SAST Regulations”), means a company and includes a body corporate or
corporation established under a Central legislation, State legislation or Provincial legislation, whose shares
are listed on a stock exchange. With reference to this Public Announcement, Mapro Industries Limited shall
mean and understand as Target Company.
(c) “Equity Shares” or “Shares” shall mean the fully paid-up equity shares of face value of ₹10/- (Rupees Ten
Only) each of the Target Company;
(d) “Parties to the Share Purchase Agreement” shall collectively mean Acquirer and Sellers;
(e) “Public Shareholders” shall mean all the equity shareholders of the Target Company who are eligible to
tender their Equity Shares in the Open Offer, except the parties to the Share Purchase Agreement, and any
person deemed to be acting in concert with them, pursuant to and in compliance with the provisions of
regulation 7(6) of the SEBI (SAST) Regulations, 2011;
(f) “SEBI” means the Securities and Exchange Board of India;
(g) “Sellers”/ “Selling Shareholders” shall mean Mr. Sandeep Gupta (“Seller”)
(h) “Share Purchase Agreement” or “SPA” shall mean the Share Purchase Agreement dated September 24,
2026 executed between the Acquirer, Sellers and the Target Company, pursuant to which the Acquirer has
agreed to acquire 21,85,430 (Twenty-One Lakh Eighty-Five Thousand Four Hundred and Thirty) fully paid
up Equity Shares of the Target Company constituting 26.05% (Twenty Six Point Five percent) of Voting Share
Capital of the Target Company at a price of ₹ 30.00 (Rupees Thirty only) per Equity Share.
(i) “Tendering Period” means the period of 10 (ten) Working Days during which the Public Shareholders may
tender their Equity Shares in acceptance of the Offer, which shall be disclosed in the Letter of Offer;
(j) “Voting Share Capital” shall mean the total voting equity share capital of the Target Company on a fully
diluted basis as of the 10th (tenth) Working Day from the closure of the Tendering Period for the Open Offer;
(k) “Working Day” has the same meaning as ascribed to it in the SEBI (SAST) Regulations, 2011, as amended.
(l) “PAC” means Person Acting in Concert and has the same meaning ascribed to such terms as per Regulation
2(q) of the SEBI (SAST) Regulations. With reference to this Public Announcement, Mr. Pandurang Ashru
Kolbhor, Mr. Shrimant Ramesh Aurade And Ms. Geetanjali Vijay Gavali, shall mean and understand as PAC.
1. OFFER DETAILS:
a. Offer Size: The Acquirer hereby makes this Open Offer to the Public Shareholders of the Target Company
to acquire up to 21,81,121 (Twenty One Lakh Eighty One Thousand One Hundred And Twenty One) fully
paid-up Equity shares of face value ₹ 10/- (Rupees Ten Only) each (“Offer Shares”), representing 26%
(Twenty Six Percent) of Voting Share Capital of the Target Company (“Offer Size”), subject to the terms
and conditions mentioned in this Public Announcement and those to be set out in the Detailed Public
Statement (“DPS”), Draft Letter of Offer (“DLoF”) and the Letter of Offer (“LoF”) that are proposed to be
issued for the Offer in accordance with the SEBI (SAST) Regulations, 2011.
b. Offer Price/Consideration: The Equity Shares of the Target Company are frequently traded in terms of
the SEBI (SAST) Regulations, 2011. The Offer is being made at a price of ₹ 60.13/- (Rupees Sixty Point
Thirteen Only), per Equity Share (“Offer Price”) which is determined in accordance with Regulations 8(1)
and 8(2) of the SEBI (SAST) Regulations, 2011. Assuming full acceptance of the Offer, the total
consideration payable by the Acquirer under the Offer will be ₹ 13,11,50,806/- (Rupees Thirteen Crore
Eleven Lakh Fifty Thousand Ei
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