BSECompany Update4d ago · 30 Sept 2026, 10:36 am

Navigant Corporate Advisors Ltd ("Manager to the Offer") has submitted to BSE a copy of Draft Letter of Offer for the attention of the Equity Shareholders of Technojet Consultants Ltd ("Target Company").

Technojet Consultants Ltd · 509917

✦ AI SummaryM&A

Technojet Consultants Ltd has received a draft letter of offer from Navigant Corporate Advisors Ltd for the acquisition of up to 1,82,000 equity shares, representing 26% of the company's emerging equity and voting share capital, at a price of Rs. 48 per share.

Analysis Scores

Earnings Impact5/10
Growth Catalyst6/10
Governance Concern2/10
Regulatory Risk3/10
Balance Sheet Risk4/10
Liquidity Impact8/10
Market Sentiment5/10

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Technojet Consultants Ltd - 509917 - Draft Letter of 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: 29.09.2026 The Manager Dept. of Corporate Services BSE Limited, Phiroze Jeejeebhoy Towers, Dalal Street, Fort Mumbai - 400 001 Sub: Submission of Draft Letter of Offer - Technojet Consultants Limited (BSE Code: 509917) Dear Sir / Madam, With reference to the captioned Offer, we wish to inform you that the Draft Letter of Offer is being submitted to SEBI, Mumbai. We are enclosing herewith a copy of the said Draft Letter of Offer for your kind perusal. A copy of the same is also being submitted to Target Company. Thanks & Regards, For Navigant Corporate Advisors Limited Sarthak Vijlani Managing Director DRAFT LETTER OF OFFER THIS DOCUMENT IS IMPORTANT AND REQUIRES YOUR IMMEDIATE ATTENTION This Draft Letter of Offer is sent to you as a Shareholder(s) of TECHNOJET CONSULTANTS LIMITED. If you require any clarifications about the action to be taken, you may consult your stockbroker or investment consultant or Manager or Registrar to the Offer. In case you have recently sold your Shares in the Company, please hand over this Draft Letter of Offer and the accompanying Form of Acceptance-cum-acknowledgement and Transfer Deed to the Member of the Stock Exchange through whom the said sale was effected. OPEN OFFER ("OFFER") Pursuant to Regulations 3(1) and 4 and applicable provisions of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 and amendments thereto. TO THE SHAREHOLDERS OF TECHNOJET CONSULTANTS LIMITED (Hereinafter referred as “TCL” or “the Target Company” or “TC” or “the Company”) having the Registered Office at Neville House, Ballard Estate J N Heridia Marg, Mumbai City, Mumbai - 400001, Maharashtra, India; Phone No.: +91-22-66620000; Email id: technojetconsultantslimited@gmail.com; Website: www.technojet.in Mr. Nimesh Sahadeo Singh S/o Mr. Sahadeo Roopnarayan Singh, a 49 years old Indian Resident residing at Flat No. 5404, B Wing, Alpine Tower, Samta Nagar, Opp. Thakur College, Thakur Village, Kandivali (East), Mumbai 400101, Tel. No. +91-9930911944; Email: nimeshsingh77@gmail.com (hereinafter referred to as “the Acquirer”) TO ACQUIRE Up to 1,82,000 Equity shares of Rs. 10/- each representing 26.00% of the Emerging Equity and voting share capital of the Target Company at a price of Rs. 48/- (Rupees Forty-Eight Only) per share. Please Note 1. This Offer is being made pursuant to the Regulation 3(1) and Regulation 4 of the SEBI (SAST) Regulations, 2011 and subsequent amendments thereof for substantial acquisition of shares / voting rights accompanied with change in control. 2. This Offer is not conditional upon any minimum level of acceptance by the shareholders of the Target Company. 3. As on date of this Draft Letter of Offer, no statutory approvals are required in relation to this Offer except as detailed in para 7.7.1 of this Draft Letter of Offer. 4. This offer is not a competing offer. 5. There has been no competing offer or revision of Offer Price as on date of this Draft Letter of Offer. If there is a competitive offer, then the Offer under all subsisting bids shall open and close on the same date. 6. Shareholders who have tendered shares in acceptance of the Open Offer by tendering the requisite documents, in terms of the Public Announcement / Detailed Public Statement/Letter of Offer, shall not be entitled to withdraw such acceptance during the tendering period. 7. The Procedure for acceptance is set out in Para 8 of this DLOF. A Form of Acceptance is enclosed with this DLOF. 8. If there is any upward revision in the Offer Price by the Acquirer at any time prior to commencement of the last one working day before the commencement of the tendering period viz. [.] you will be informed by way of another Announcement in the same newspapers in which the Detailed Public Statement pursuant to Public Announcement was published. The Acquirer shall pay such revised price for all shares validly tendered any time during the Offer and accepted under the Offer. 9. The Acquirer shall complete the acquisitions contracted under share purchase agreement attracting the obligation to make an open offer not later than twenty-six weeks from the expiry of the offer period Provided that in the event of any extraordinary and supervening circumstances rendering it impossible to complete such acquisition within such period, the Board may for reasons to be published, may grant an extension of time by such period as it may deem fit in the interests of investors in securities and the securities market. 10. A copy of the Public Announcement, Detailed Public Statement and the Draft Letter of Offer (including Form of Acceptance-cum-Acknowledgement) would also be available on SEBI’s Website: www.sebi.gov.in. 11. All correspondence relating to this offer, if any, should be addressed to the Manager to Offer or Registrar to the Offer at the address mentioned below: MANAGER TO THE OFFER REGISTRAR TO THE OFFER NAVIGANT CORPORATE ADVISORS LIMITED KFIN TECHNOLOGIES LIMITED 804, Meadows, Sahar Plaza Complex, J B Nagar, Selenium Tower B, Plot 31 32, Andheri Kurla Road, Andheri East, Mumbai -400059 Gachibowli Financial District, Nanakramguda, Tel No. +91-22-4120 4837 / 4973 5078 Serilingampally, Hyderabad - 500032, Telangana Email Id- navigant@navigantcorp.com Tel No.: +91-40-67162222/18003094001 Investor Grievance Email: info@navigantcorp.com E-mail Id: technojet.openoffer@kfintech.com Website: www.navigantcorp.com Website: www.kfintech.com SEBI Registration Number: INM000012243 SEBI Registration No.: INR000000221 Contact Person: Mr. Sarthak Vijlani Contact Person: Williams R OFFER OPENS ON: MONDAY, 09TH NOVEMBER, 2026 OFFER CLOSES ON: MONDAY, 23RD NOVEMBER, 2026 SCHEDULE OF THE MAJOR ACTIVITIES OF THE OFFER Activity Date Day Public Announcement 18.09.2026 Friday Publication of Detailed Public Statement in newspapers 22.09.2026 Tuesday Submission of Detailed Public Statement to BSE, Target Company & SEBI 22.09.2026 Tuesday Last date of filing draft letter of offer with SEBI 29.09.2026 Tuesday Last date for a Competing offer 14.10.2026 Wednesday Receipt of comments from SEBI on draft letter of offer 22.10.2026 Thursday Identified date* 26.10.2026 Monday Date by which letter of offer be dispatched to the shareholders 02.11.2026 Monday Last date for revising the Offer Price 05.11.2026 Thursday Comments from Committee of Independent Directors of Target Company 05.11.2026 Thursday Advertisement of Schedule of activities for open offer, status of 06.11.2026 Friday statutory and other approvals in newspapers and sending to SEBI, Stock Exchange and Target Company Date of Opening of the Offer 09.11.2026 Monday Date of Closure of the Offer 23.11.2026 Monday Post Offer Advertisement 01.12.2026 Tuesday Payment of consideration for the acquired shares 08.12.2026 Tuesday Final report from Merchant Banker 15.12.2026 Tuesday *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 the Acquirer, Sellers, Promoter and Promoter Group of Target Company) are eligible to participate in the Offer any time before the closure of the Offer. RISK FACTORS A. RELATING TO THE OFFER The risk factors set forth below pertain to the Offer and are not in relation to the present or future business operations of the Target Company or other related matters, and are neither exhaustive nor intended to constitute a complete analysis of the risks involved in participation or otherwise by a shareholder in the Offer. 1) The Offer involves an offer to acquire up to 26.00% of the Emerging Equity and Voting Share Capital of TCL from the [Showing first 8,000 characters — download PDF for full document]