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.

Analysis Scores

Earnings Impact2/10
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 7 AP N TU D AB K L 1 E\ 5 OC ( V1A E) RN R eO SN g)FO U sT R tN H eE TC E rG UE U SS dM LE AE OAC L fN U T fDRT I iAI O H eU T (N :I N S LE oD 1E M 2 1A IR o0 ,N T 1DR E 5“1 %. D E tT, eG E U( AU X lIFSL odAC O eA LH A R MT ,DMA tM I iAEN mE CfO R bG oN iN L arcE D YS E t. B i3 D “O o( K n1 A F ) ANR A 6D oR AO ,eWD nH A uN3 E a. 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OH R EE I FA 3C ( R (S 1 T S 1C0 IA AI )/ AY N SD V- P D- T E A IIS LA AE NTE R YA GA DV E( C LE R GSN H R A 3 UU ( EO W B L2FL )F S AA_ A E T( TLK R" AT IRH E R NU OS EQ E( T, SU NAA DI IA SDT C AE L "Y Q LD TI WU AG OS I I AHH H R T C,AT E A H Q RY R S U E -- IOS F 1T ST" T)RH IH) HOR T E EAE IMC R ONE O " N _ DTN A AT HS C OPH AT E Q FPO I N U LU IT U SP IS RU PU HCA ET RB AARN I IL B RSD N I Y L E”) G C A E S DEFINITIONS: “Equity Shares" means the fully paid-up equity shares of the Target Company of face value of Rs.10/- (Rupees Ten Only) Each. p“ rE ex fi es rt ei nn tg i aS lh ia sr se u e & i .eV .o , t Ri sn .g 2C ,a 3p 4i ,t 3a 4l ,” 3 00m e da in vis d ep da i id n tou p 2 3,sh 4a 3r ,e 4 3c 0a p Ei qt ua il t yo Sf hat rh ee s T oa fr g Rse .t 1C 0/o -m p Ea acn hy . prior to Proposed “ eRs qE . um ie 1 tr 0 yg / - si hn aeg ra ecE shq u to oi f t ty t h h e& e A V cTo qa ut r ii g rn e eg t r sS C h o aa m nr dpe a 2nC 9a y ,p 4 i 7bt ,ea 2il 7n” 1g m tt oe h ea o n tc hs a e p r8 i t2 pa, ul0 b 0 lp, io0 cs0 t c0 a a tf l eu ll gl o oy t r m yp e a n ii t nd v - eou sfp t o 5 re 8 sq , )u 5 i 6 ot , ny 5 p7s r0h e a fer eqe rus ei nto tyf i ast lhh ae br a e sf isa s c .(e 2 9v ,a 0l 9u ,e 2 9of 9 cAR“ s ocE . nqx vup ei1a rr0 ten / ir-d bse l ed eaa nc iE dh nq t u ooi o tt f eh y qe t ur& h i e tpV yuo T b st a l hi r i an g c rg e e t c sS a h ttCa oeor g Ame o cp r qC ya ua n ip i ryi n et v ra eb sl se ” ti a on nrm g dse a pt o un h n bes l p i1 c r ca, e p4 cfi5 e at, r ta5 e el n0 g t, op i0 ro a0 ys l0 t i bf nu aa vl sl el i sly s to op t a ra m n si e dd n o - t nau lp po s f roe e q f5 iu e8 ni rc,t el5y nu6 tss , iih 5 ava 7 ler 0 e b o as fe s q io 6u sf .3i t ,t y 5h 0e , sf 0ha 0ac r 0e e s wv aa t rl o ru ae t n h tof e s T« hQf rf ee er ” ho or s“ aO np de )n EO qf uf ie tr y” Sm hae ra en ss , t rh ee p ro ep se en nt o if nf ge r 2 6fo .r 0 0a %c qu oi fs i tt hi eo n Eo xf p u ap n dt eo d 37 E, q8 u3 i, ty0 00 S h( aT rh ei r Ct ay p- iS te av le n ofL ak th hs e E Ti ag rh gt ey- t 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. T“ F 5 fp " e c 1a rP 8 Sr r q o 1ir e,r o u nod ,g l5o ip vma l 0e 6 t ep oy i 0t , y rn, so t , 5 tg e hs 0C 7 isd e2e 0Co b0 h 5 0d lo a m t A" e ermo cp wq e q pp a au ,S b ur a wn ri e e ie n a ry tp r a f y r ay, i ete n" r n s rr e ds a t)s se ma h sn u n s b a a te ao t re l cd f ni a e sr o a dp s o ta, nal o p vn n a 2 4r ed 2 t 9I 0o rA a 0 ,s , tv aa cg2 4s 0 ile qn g 76u bl 0 ud r ,e o l,i i e 2” ts es 0 rb g 7 t u s 0 eay 1eu ib r0m td e nj s e e t B e e wtp oa o c qo ar on a (t u i r ef 2rs itc q rt t 9d h e 5 uao y , e , int 0o o t9h tsAa f 0f y8e s hcp , , R aqp 0D s0s crup ri 0 h. 0 oeir r o 0 a0 nsre vo 2 r v ec a 0p ewe etrt /lo saq roo s- s u rt r o te i rs ipapf otd a us b e y nb lo Arm c l e tfp c soe i sr e qhn cm te q i uas f nh ub ir ci c te e i re e od a or t es ner te T y r vr en es -a o eat s g q 2 r f rti h o u )g a tia a ir Te n iol tr y aut bd n ye ts l i i afC eos ( n aso l os t vO nhr du h eum a i e a se tt nr ip h tr th sea o o o a e ssf V rn u n r se eay ed a ew ncg t qh aq ptu ua tia u rult i al c ii ra tna csl ht e yt n eio o sh t t 2 ir e i oim s9 syi P fo s se , h r r n s un 0 aa i u Ret 9 rB vp b se , eao .p y p s2 ta r p o r e9 2o tf r r i 9 0v h id c tL /ca e s e oiE -el e M Tq m sc oe au i Aou pfe i r ftr c ec t ti qg e ro Rit Ry ude m ssi n i t c.p S .e rg ( or s h e C n“i 2a 2 rh vo Ts 0r 0 -b e eVi m /e / 1y l rPn - s -p d tLg a it a " ap p bnoh r o ne e lne yef r dr/ e 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 [Showing first 8,000 characters — download PDF for full document]