BSECompany Update4d ago · 21 Oct 2026, 12:09 pm

Corporate Professionals Capital Pvt. Ltd. ("Manager to the Offer") has submitted to BSE a copy of Detailed Public Statement in terms of Regulation 3(1) and Regulation 4 read with Regulation 13(4), 14(3), 15(2) and other applicable Regulations of Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 and subsequent amendment thereto, to the public shareholders of Comrade Appliances Ltd ("Target Company").

Comrade Appliances Ltd · 543921

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Comrade Appliances Ltd has received a public announcement from Corporate Professionals Capital Pvt. Ltd. regarding an open offer for the acquisition of up to 26.00% of the company's expanded share capital at INR 35.00 per equity share.

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Comrade Appliances Ltd - 543921 - Detailed Public Statement

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08F27297-91FE-4066-BB86-1655C94080F7-120923.pdf

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DETAILED PUBLIC STATEMENT IN TERMS OF REGULATION 3(1) AND REGULATION 4 READ WITH REGULATION 13(4), 14(3), 15(2) AND OTHER APPLICABLE REGULATIONS OF SECURITIES AND EXCHANGE BOARD OF INDIA (SUBSTANTIAL ACQUISITION OF SHARES AND TAKEOVERS) REGULATIONS, 2011 AND SUBSEQUENT AMENDMENT THERETO, TO THE PUBLIC SHAREHOLDERS OF COMRADE APPLIANCES LIMITED CIN: L74999MH2017PLC292817 Registered Office: Office No.303, A-Wing, 3rd Floor, Key Tech Park, Sadhna Soap Lane, Off S.V road, Jogeshwari West, Mumbai, Jogeshwari West, Maharashtra, India, 400102 Email ID: info@comrade.net.in | Website: www.comrade.net.in OPEN OFFER FOR THE ACQUISITION OF UPTO 26,46,487 (TWENTY SIX LAKH FORTY SIX THOUSAND FOUR HUNDRED AND EIGHTY SEVEN) EQUITY SHARES OF FACE VALUE OF INR 10.00 (INDIAN RUPEES TEN ONLY) EACH (‘EQUITY SHARES’) REPRESENTING 26.00% OF THE EXPANDED SHARE CAPITAL OF COMRADE APPLIANCES LIMITED (‘CAL’/ ‘TC’/ ‘TARGET COMPANY’) HAVING ITS REGISTERED OFFICE AT OFFICE NO.303, A-WING, 3RD FLOOR, KEY TECH PARK, SADHNA SOAP LANE, OFF S.V ROAD, JOGESHWARI WEST, MUMBAI, JOGESHWARI WEST, MAHARASHTRA, INDIA, 400102 AT A PRICE OF INR 35.00/- (INDIAN RUPEES THIRTY FIVE ONLY) PER EQUITY SHARE (‘OFFER PRICE’) FROM ALL THE PUBLIC SHAREHOLDERS (AS DEFINED BELOW), BY OMNIA APPLIANCES PRIVATE LIMITED (‘ACQUIRER 1’), GRAPHIC PROMOTERS AND DEVELOPERS PRIVATE LIMITED (‘ACQUIRER 2’), AMAIRA ESTATE ADVISORS LLP (‘ACQUIRER 3’) AND MLJ AETERNUM LLP (‘ACQUIRER 4’) (HEREINAFTER COLLECTIVELY REFERRED TO AS ‘ACQUIRERS’) This Detailed Public Statement (‘DPS’) is being issued by Corporate Professionals Capital Private Limited, C.5. The financial information for last three financial years and for the six-month period ended September S. Particulars Year Ended Year Ended Year Ended Period Ended the Manager to the Offer (‘Manager’), for and on behalf of the Acquirers to all the Public Shareholders of 30, 2026 is as follows: No. 31.03.2024 31.03.2025 31.03.2026 30.06.2026 the Target Company (‘Shareholders’), pursuant to and in compliance with the provisions of Regulation (INR in Lacs) (Audited) (Audited) (Audited) (Unaudited) 13(4), Regulation 14(3) and Regulation 15(2) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 and subsequent amendments thereto (if any) 3. Earning Per Share (In INR) 9.35 42.59 2.25 0.61 S. Particulars Year Ended Year Ended Year Ended Period Ended No. 31.03.2024 31.03.2025 31.03.2026 30.09.2026 (‘SEBI (SAST) Regulations’) and pursuant to the Public Announcement (‘PA’) made on October 13, 2026, 4. Net Worth/ Shareholders’ 407.88 1046.48 1079.87 1087.51 (Audited) (Audited) (Audited) (Unaudited) on BSE Limited (‘BSE’), Securities and Exchange Board of India (‘SEBI’) and the Target Company in Fund terms of the provisions of Regulation 3(1) and Regulation 4 of SEBI (SAST) Regulations, read with other Source: As certified by CA Saurabh Mishra (Membership No.:402499), Partner of SMPS & Co, 1. Total Revenue 3,124.72 5,989.47 2,494.39 586.71 applicable Regulations of SEBI (SAST) Regulations, if any. Chartered Accountants having office at B143, 3rd Floor, DDA Sheds Industrial Area Phase-1, 2. Net Income 52.52 53.06 (945.79) (664.71) For the purposes of this DPS, the following terms would have the meaning assigned to them herein Okhla, New Delhi- 110020; Ph. No.: 011-49075711, 9971628223, Email ID casmps.co@gmail.com 3. Earning Per Share (In INR) 0.74 0.69 (12.16) (8.55) below― vide its certificate dated October 13, 2026, having UDIN: 26402499VHPLCJ1207. a) ‘Acquirers’ means and includes Omnia Appliances Private Limited, Graphic Promoters and A.15. As on the date of the Public Announcement, neither Acquirer 2 nor any of its directors hold any 4. Net Worth/ Shareholders’ 1,693.05 2,263.86 1318.07 653.36 Developers Private Limited, Amaira Estate Advisors LLP and MLJ Aeternum LLP. Equity Shares of, or have any interest in, the Target Company. Fund b) ‘Equity shares’ means the fully paid-up Equity Shares of face value of INR 10.00 (Indian Rupees A.16. Neither Acquirer 2 nor any of its directors has acquired any equity shares of the Target Company Source: As certified by CA Ravindra Raju Suvarna (Membership No.:032007), Partner of M/S Ten Only) each of the Target Company. from the date of PA till the date of this DPS. Suvarna & Katdare, Chartered Accountants having office at C-4, Angelina CHS Ltd, Baji Prabhu c) ‘Expanded Share Capital’ shall means the paid-up Equity Share Capital of the Target Company ABOUT AMAIRA ESTATE ADVISORS LLP (‘ACQUIRER 3’) Deshpande Marg, Off Santoshi Mata Mandir, Near Insignia Building, Vile Parle(West), Mumbai- post to the Preferential Issue of Equity Shares i.e. INR 10,17,87,950 (Indian Rupees Ten Crore A.17. Acquirer 3 is a limited liability partnership having LLPIN ACG-1961, incorporated on March 21, 400056; Tel. No.: 26115621/26114526; Email ID rrs_suvarna@yahoo.com vide its certificate dated Seventeen Lakh Eighty Seven Thousand Nine Hundred and Fifty Only) divided into 1,01,78,795 2024, under the provisions of the Limited Liability Partnership Act, 2008. The registered office of the October 13, 2026 having UDIN: 26032007RIYPXI1242. (One Crore One Lakh Seventy Eight Thousand Seven Hundred and Ninety Five) Equity Shares of Acquirer 3 is situated on 10th Floor, DJ1009, DLF Towers B, Jasola, District Center, Jamia Nagar, D. DETAILS OF THE OPEN OFFER: INR 10 (Indian Rupees Ten Only) each. South Delhi, New Delhi 110025. There has been no change in the name of Acquirer 3 since its D.1. This Open Offer is Triggered/ Mandatory Offer made in compliance with Regulation 3(1) and d) ‘Pre-Issue Share Capital’ means the paid-up Equity Share Capital of the Target Company prior incorporation. Regulation 4 of the SEBI (SAST) Regulations. to the Preferential Issue i.e., INR 7,77,87,950 (Indian Rupees Seven Crores Seventy Seven Lakh A.18. Acquirer 3 is engaged in the business of real-estate activities with own or leased property, real D.2. The Acquirers have made this open offer to acquire upto 26,46,487 (Twenty Six Lakh Forty Six Eighty Seven Thousand Nine Hundred and Fifty Only) representing 77,78,795 (Seventy Seven estate activity on a fee or contract basis, fund management activities. Thousand Four Hundred and Eighty Seven) Equity Shares representing 26.00% of the Expanded Lakh Seventy Eight Thousand Seven Hundred and Ninety Five) equity shares of INR 10.00 each. A.19. The designated partners and partners of Acquirer 3 and the details of the capital contribution of the Share Capital of the Target Company at an Offer Price of INR 35.00/- (Indian Rupees Thirty Five e) ‘Preferential Issue of Equity Shares’ means the preferential issue of fully paid up 24,00,000 partners of Acquirer 3 as on the date of this Detailed Public Statement are set out below: Only) per fully paid-up equity share payable in cash, subject to the terms and conditions as set out (Twenty Four Lakh) Equity Shares of INR 10 (Indian Rupees Ten Only) each at the issue price in PA, this DPS and the Letter of Offer, that will be sent to the all the Public Shareholders of the of INR 34/- (Indian Rupees Thirty Four Only) as approved by the Board of Directors of the Target S. Name of the Designated Partner / Contribution (in INR) Contribution (%) Target Company. Company at their meeting held on October 13, 2026, subject to the approval of the members and No. Partner D.3. This Offer is made to all the Public Shareholders of the Target Company in terms of the provisions other regulatory approvals, if any. 1. Tarun Murarka 72,00,000 33.34% of Regulation 7(6) of SEBI (SAST) Regulations. The Equity Shares are proposed to be allotted as follows: D.4. The Public Shareholders who will tender their Equity Shares in this Offer shall ensure that the Equity 2. Vaibhav Murarka 72,00,000 33.33% Shares are clear from all liens, charges and encumbrances. The Offer Shares will be acquired, S. Particular Number of shares 3. Gita Murarka 72,00,000 33.33% subject to such Shares [Showing first 8,000 characters — download PDF for full document]