BSECompany Update3h ago · 26 Sept 2026, 08:44 am
Navigant Corporate Advisors Limited ("Manager to the Open Offer") has submitted to BSE a copy of Public announcement under regulations 3(1) and 3(2) read with regulations 13(1), 13(2)(g), 14 And 15(1) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) regulations, 2011, as amended for the attention of the equity shareholders of Tusaldah Ltd ("Target Company").
Tusaldah Ltd · 531301
✦ AI SummaryFundraise
Tusaldah Ltd has received a public announcement from Navigant Corporate Advisors regarding an open offer by Mr. Sandeep Jagdishprasad Agrawal and Mrs. Anupriya Sandeep Agrawal to acquire up to 37,83,000 equity shares of the company, representing 26% of the expanded equity and voting share capital, at an offer price of Rs. 20 per share.
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Growth Catalyst3/10
Governance Concern1/10
Regulatory Risk2/10
Balance Sheet Risk1/10
Liquidity Impact8/10
Market Sentiment5/10
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Tusaldah Ltd - 531301 - Public Announcement - Open Offer
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AA 4
Navigant
NAVIGANT CORPORATE ADVISORS LIMITED
Regd. Office: 804, Meadows, Sahar Plaza Complex,J B Nagar, Andheri-Kurla Road,
Andheri (East) Mumbai-400 059; Tel: +91-22- 4120 4837 / +91 22 4973 5078
Email: navigant@navigantcorp.com; Website:www.navigantcorp.com (CIN: L67190MH2012PLC231304)
Date: 25.09.2026
The Manager
Dept. of Corporate Services
BSE Limited,
Phiroze Jeejeebhoy Towers,
Dalal Street, Fort
Mumbai - 400 001
Sub: Public Announcement to the shareholders of Tusaldah Limited (formerly known as High Street
Filatex Limited) (BSE Code: 531301)
Dear Sir,
We are pleased to inform that we have been appointed as ‘Manager to the Offer’ by Mr. Sandeep
Jagdishprasad Agrawal (Acquirer-1) and Mrs. Anupriya Sandeep Agrawal (Acquirer-2) (Acquirer-1 and
Acquirer-2 hereinafter collectively referred to as the "Acquirers") for acquiring up to 37,83,000 equity
shares of Rs. 10/- each of Tusaldah Limited (formerly known as High Street Filatex Limited) (‘Target
Company’) representing 26.00% of the of the Expanded Equity and Voting Share Capital of the Target
Company at an offer price of Rs. 20/- per Share fully paid-up Equity Share (‘Offer Price’), through Open
Offer under Regulation 3(1) and 3(2) of SEBI (SAST) Regulations, 2011 (‘the Regulations’) requiring the
Public Announcement (‘PA’) in terms of Regulation 13 (1) of the said Regulations. The equity shares of
the Target Company are listed on BSE Limited (“BSE”).
This Open offer is triggered pursuant to the approval of Board of Directors of Target Company to issue
Equity Shares and convertible warrants to the Acquirers.
Accordingly, we have prepared the PA. We are hereby requesting you to please upload the enclosed PA
on your website in accordance with Regulation 14(1) of the Regulations.
Thanks & Regards,
For Navigant Corporate Advisors Limited
Sarthak Vijlani
Managing Director
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DEFINITIONS:
“Equity Shares" means the fully paid-up equity shares of the Target Company of face value of Rs.10/- (Rupees
Ten Only) Each.
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Company
“Offer Price” has the meaning described to such term under paragraph 1.
“Offer Size" has the meaning described to such term under paragraph 1.
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warrant and 23,50,000 warrants convertible into equity shares are proposed to be issued and allotted to public
category investars. at an issue price of Rs. 20/- per convertible warrant.”
«“public Shareholders” means all shareholders of the Target Company, other than the Acquirers / the existing
Promoters and such other persons as may be excluded in accordance with the applicable provisions of the SEBI
(SAST) Regutations.
“Selling Company” means Tusaldah Ventures Private Limited (“TVPL”) (formerly known as Swals Global
Marketing Private Limited) promoted by Acquirers, the shares of which are proposed to be acquired by the
Target Company from the Acquirers pursuant to the Underlying Transaction.
“SEBI” shall mean the Securities and Exchange Board of India.
1. OFFER DETAILS:
« Offer Size: This Open Offer is being made by the Acquirers for acquisition of up to 37,83,000 (Thirty-
Seven Lakhs Eighty-Three Thousand) fully paid-up Equity Shares of face value of Rs. 10/- each,
representing 26.00% of the Expanded Equity Share Capital of the Target Company, subject to the terms
and conditions set out in the Public Announcement, Detailed Public Statement and Letter of Offer and
in accar
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