BSECompany Update15 Oct 2026 · 15 Oct 2026, 01:43 pm
Turnaround Corporate Advisors Pvt Ltd ("Manager to the Offer") has submitted to BSE a copy of Pre-Offer Advertisement in accordance with Regulation 18(7) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, as amended and corrigendum to the Detailed Public Statement for the attention of the Public Shareholders of Aar Shyam India Investment Company Ltd ("Target Company").
Aar Shyam India Investment Company Ltd · 542377
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Aar Shyam India Investment Company Ltd has received a pre-offer advertisement and corrigendum to the detailed public statement for an open offer by Turnaround Corporate Advisors Pvt Ltd on behalf of Acquirers Mr. Radha Krishna Avudari, Mrs. Sudha Rani Avudari, and Mr. Nagabhyru Srikanth to acquire up to 58,43,327 equity shares representing 26% of the emerging paid-up equity share capital of the company.
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Aar Shyam India Investment Company Ltd - 542377 - Pre-Offer Advertisement & Corrigendum to Detailed Public Statement
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TURNAROUND CORPORATE ADVISORS PRIVATE LIMITED
A SEBI Registered Category-I Merchant Banker
October 15, 2026
Corporate Relationship Department
BSE Limited
Phiroze Jeejeebhoy Towers,
Dalal Street, Mumbai-400001
Dear Sirs,
Subject: Open Offer for acquisition of upto 58,43,327 (Fifty-Eight Lakh Forty-Three Thousand
Three Hundred Twenty-Seven) fully paid-up Equity Shares of face value of Rs. 10/- each (“Equity
Shares”) of Aar Shyam India Investment Company Limited (“Target” / “Target Company” /
“Aar Shyam”) from the public shareholders representing 26% of the Emerging Paid Up Equity
Share Capital of the Target Company by Mr. Radha Krishna Avudari (“Acquirer 1”), Mrs.
Sudha Rani Avudari (“Acquirer 2”), and Mr. Nagabhyru Srikanth (“Acquirer 3”) (collectively
referred to as the “Acquirers”).
We are pleased to submit following documents related to the captioned Open Offer:
Copy of Pre-Offer Advertisement and Corrigendum to the Detailed Public Statement and Corrigendum
to the Draft Letter of Offer (“Pre-Offer Advertisement cum Corrigendum”) dated October 14, 2026,
issued pursuant to the and in compliance with Regulation 18(7) of the Securities and Exchange Board
of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 and subsequent
amendments thereto (“SEBI (SAST) Regulations”) as published in all editions of “Financial Express”
(English), all editions of “Jansatta” (Hindi), all edition, Mumbai edition of “Pratahkal” (Marathi) [being
the place of the Stock Exchange (BSE Limited), where Equity Shares of the Target Company are listed
and the place where the Registered Office of the Company is situated] on October 15, 2026.
In case of any queries or clarifications, please feel free to call Mr. Heemadri Mukerjea on +91-11-
45510390 and/or info@tcagroup.in.
Please acknowledge receipt.
Thanking You,
Yours Truly,
For TURNAROUND CORPORATE ADVISORS PRIVATE LIMITED
(HEEMADRI MUKERJEA)
Managing Director
Page 1 of 1
CIN: U74140DL2015PTC278474 SEBI Registration No.: MB/INM000012290
Corporate Office : First Floor, C-966, Shushant Lok-1, Sector-43, DLF QE, Gurugaon, Haryana, India, 122002
Registered Office: 614, Vishwadeep Building, Plot No. 4, District Centre, Janakpuri, New Delhi—110058
Tel: +91-11-45510390 Email: info@tcagroup.in Website: www.tcagroup.in