BSECompany Update1 Oct 2026 · 1 Oct 2026, 08:55 am
Wealth Mine Networks Ltd ("Manager to the Open Offer") has submitted to BSE a copy of Detailed Public Statement in terms of Regulations 3(1), 3(3) and 4 read with Regulations 13(4), 14(3) and 15(2) and other applicable Regulations of Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, as amended, ("SEBI (SAST) Regulations, 2011") for the attention of the Public Shareholders Mapro Industries Ltd ("Target Company").
Mapro Industries Ltd · 509762
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Wealth Mine Networks Ltd has submitted a Detailed Public Statement to BSE regarding an open offer to acquire up to 26% of Mapro Industries Ltd's voting share capital by Arambhveer Limited and its promoters.
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Earnings Impact0/10
Growth Catalyst2/10
Governance Concern1/10
Regulatory Risk3/10
Balance Sheet Risk1/10
Liquidity Impact5/10
Market Sentiment5/10
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Full Announcement
Mapro Industries Ltd - 509762 - Detailed Public Statement ('DPS')
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026AE774-3446-4F25-AFDD-0998563D6705-085507.pdf
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October 01, 2026
The Manager (Corporate Relations)
BSE Limited
Phiroze Jeejeebhoy Towers
Dalal Street
Mumbai- 400001
Scrip Code: 509762
Sub.: Detailed Public Statement (“DPS”) in relation to the Open offer to the Public
Shareholders (as defined in the DPS) of Mapro Industries Limited (“Target Company”)
by M/s Arambhveer Limited (‘Acquirer 1’), along with Mr. 1) Mr. Pandurang Ashru
Kolbhor (‘PAC 1’), Mr. Shrimant Ramesh Aurade (‘PAC 2’), Ms. Geetanjali Vijay Gavali
(‘PAC 3’), (hereinafter collectively referred to as ‘Acquirer along with PACs’) pursuant
to and in compliance with the requirements of the Securities and Exchange Board of India
(Substantial Acquisition of Shares and Takeovers) Regulations, 2011 and subsequent
amendments thereto (“Takeover Regulations”, and such open offer for acquisition
referred as “Open Offer”).
The Acquirers is making an 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 with a face value of INR 10 (Indian Rupees Ten) each,
representing up to 26.00 % of the Voting Share Capital of the Target Company.
The Open Offer is being made pursuant to Regulations 3(1), 3(3), 4 and other applicable
regulations of the Securities and Exchange Board of India (Substantial Acquisition of Shares
and Takeovers) Regulations, 2011, and subsequent amendments thereto (the “SEBI (SAST)
Regulations”).
With respect to captioned Offer, the DPS dated October 01, 2026 was published on October
01, 2026 in the following newspapers:
Newspaper Language Edition
Financial Express English All editions
Jansatta Hindi All editions
Financial Express Gujarati Ahmedabad
Mumbai Lakshdeep Marathi Mumbai
In accordance with the SEBI (SAST) Regulations, we hereby enclose a copy of the
aforementioned, DPS dated October 01, 2026 in relation to the Open Offer.
We request you to kindly disseminate the DPS on your website.
SEBI REG .:INM000013077 REGISTERED OFFICE: BRANCH OFFICE:
CIN: U93000GJ1995PLC025328
All capitalized terms used but not defined here shall have the meanings ascribed to the same in
the Detailed Public Statement.
For, WEALTH MINE NETWORKS LIMITED
JAY TRIVEDI
Managing Director
DIN: 09834417
Enclosed: Copy of the DPS published in the newspapers
WEALTH MINE NETWORKS LIMITED (CIN: U93000GJ1995PLC025328)
Registered Office: 215 B, Manek Centre, P N Marg, Jamnagar, Gujarat-361001,
Contact Person: Mr. JAY TRIVEDI
Tel No.: + 7778867143
Email: wealthminenetworks@gmail.com
Investor Grievance ID: wealthminenetworks@gmail.com
Website : www.wealthminenetworks.com
SEBI Reg. No.: INM000013077
Date: 01/10/2026
Place: Mumbai
SEBI REG .:INM000013077 REGISTERED OFFICE: BRANCH OFFICE:
CIN: U93000GJ1995PLC025328
DETAILED PUBLIC STATEMENT IN TERMS OF REGULATIONS 3(1), 3(3) AND 4 READ WITH REGULATIONS 13(4), 14(3) AND 15(2) AND OTHER APPLICABLE REGULATIONS OF SECURITIES AND EXCHANGE BOARD OF INDIA
(SUBSTANTIAL ACQUISITION OF SHARES AND TAKEOVERS) REGULATIONS, 2011, AS AMENDED, (“SEBI (SAST) REGULATIONS, 2011”) FOR THE ATTENTION OF THE PUBLIC SHAREHOLDERS OF
MAPRO INDUSTRIES LIMITED
Corporate identification number (CIN): L70101MH1973PLC020670
Registered office: 505, Corporate Corner, Sunder Nagar, Malad (W), Mumbai-400064, Maharashtra, India
Tel. No.: +91 9609199385; Website: www.maproindustries.com
Email id: info@maproindustries.com; listing@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”) ALONG WITH MR. PANDURANG ASHRU KOLBHOR (“PAC-1”), MR. SHRIMANT RAMESH AURADE (“PAC-2”) AND MS. GEETANJALI VIJAY GAVALI (“PAC-3”) (HEREINAFTER COLLECTIVELY REFERRED TO AS ACQUIRER ALONG WITH PERSONS ACTING IN
CONCERT/ “PACs”) 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 DETAILED PUBLIC STATEMENT (“DPS”) IS BEING ISSUED BY WEALTH MINE NETWORKS LIMITED (“MANAGER TO THE OPEN OFFER” OR “MANAGER”), FOR AND ON BEHALF OF THE ACQUIRER ALONG WITH PERSONS ACTING IN CONCERT/ “PACs”, 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(4), 14(3) AND 15(2) AND OTHER APPLICABLE REGULATIONS OF THE SEBI (SAST) REGULATIONS, 2011, PURSUANT TO THE PUBLIC ANNOUNCEMENT DATED SEPTEMBER 24, 2026 (“PA”) FILED WITH BSE LIMITED, (“BSE”) (REFERRED
TO AS THE “STOCK EXCHANGE”), SECURITIES AND EXCHANGE BOARD OF INDIA (“SEBI”) AND THE TARGET COMPANY ON SEPTEMBER 24, 2026, IN TERMS OF REGULATIONS 14(1) AND 14(2) OF THE SEBI (SAST) REGULATIONS, 2011.
THIS DPS IS BEING PUBLISHED IN FINANCIAL EXPRESS (ENGLISH NATIONAL DAILY – ALL EDITIONS), JANSATTA (HINDI NATIONAL DAILY – ALL EDITIONS) AND MUMBAI LAKSHDEEP (MARATHI DAILY – MUMBAI EDITION), IN TERMS OF REGULATION 14(3) OF THE SEBI (SAST) REGULATIONS, 2011.
For the purpose of this DPS, the following terms have the meanings assigned to them below: xix. There are no pending litigations pertaining to the securities market to which the Acquirer or any of the PACs is a party as on the date of this DPS.
(a) “Acquirer” as defined under Regulation 2(1)(a) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 (“SAST Regulations”), means any person xx. As on date, there are no regulatory actions / administrative warnings / directions subsisting or proceedings pending under SEBI Act 1992 and regulations made thereunder
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 against the Acquirer and its Promoters/ Shareholders/Ultimate Beneficial Owners and Directors and the PACs.
a target company. With reference to this Detailed Public Statement, the Acquirer is Arambhveer Limited, and Mr. Pandurang Ashru Kolbhor (PAC-1), Mr. Shrimant Ramesh xxi. As on date, there are no actions taken or penalties levied by SEBI / RBI/Stock Exchanges under the SEBI Act, 1992 and regulations made there under against the Acquirer
Aurade (PAC-2) and Ms. Geetanjali Vijay Gavali (PAC-3) are the Persons Acting in Concert with the Acquirer. and its Promoters / Shareholders/UBOs and Directors and the PACs.
(b) “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; xxii. The Acquirer and the PACs undertake not to sell the Equity Shares of the Target Company, if any acquired by them during the Offer period in terms of regulation 25(4) of the
(c) “Expanded Share Capital” means the total issued, subscribed, paid up and voting equity share capital of the Target Company on a fully diluted basis as of the 10th (Tenth) SEBI (SAST) Regulations, 2011.
Working Day from the closure of the tendering period of the Open Offer; i.e existing 83,88,925 Equity Shares of face value of `10/- each. xxiii. The Acquirer and the PACs undertake that if it acquires any further Equity Shares of the Target Company during the Offer Period, it will inform the Stock Exchange and the
(d) “Parties to the Share Purchase Agreement” shall collectively mean Acquirer and Seller; Target Company within 24 (Twenty-Four) hours of such acquisitions.
(e) “PACs” or “Persons Acting in Concert” means Person Acting in Concert and has the same meaning ascribed to such terms as per Regulation 2(q) of the SEBI (SAST) xxiv. The Acquirer and the PACs will not acquire or
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