BSECompany Update4d ago · 27 Oct 2026, 07:12 pm
Corporate Professionals Capital Pvt Ltd ("Manager to the Offer") has submitted to BSE a copy of Draft Letter of Offer to the Public Shareholders of Comrade Appliances Ltd ("Target Company").
Comrade Appliances Ltd · 543921
✦ AI SummaryFundraise
Comrade Appliances Ltd has received a draft letter of offer from Omnias Appliances Private Limited, Graphic Promoters and Developers Private Limited, Amaira Estate Advisors LLP, and MLJ Aeternum LLP to acquire up to 26.46 lakh equity shares, representing 26% of the expanded share capital, at an offer price of INR 35 per share.
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Earnings Impact5/10
Growth Catalyst2/10
Governance Concern1/10
Regulatory Risk3/10
Balance Sheet Risk4/10
Liquidity Impact6/10
Market Sentiment5/10
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Full Announcement
Comrade Appliances Ltd - 543921 - Draft Letter of Offer
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C1CD7775-EBAE-41F5-A64C-165E92A40A19-191135.pdf
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DRAFT LETTER OF OFFER
THIS DOCUMENT IS IMPORTANT AND REQUIRES YOUR IMMEDIATE ATTENTION
This Draft Letter of Offer (DLOO) is sent to you as an Equity Shareholder(s) of Comrade Appliances Limited. If you require any clarifications about the action
to be taken, you may consult your stock broker or investment consultant or Manager / Registrar to the offer. In case you have recently sold your shares in
the Company, please hand over this DLOO and the accompanying Form of Acceptance cum acknowledgement and Transfer Deed to the Member of Stock
E xchange through whom the said sale was effected.
OPEN OFFER BY
OMNIA APPLIANCES PRIVATE LIMITED
Registered Office at GF-48, Plot No. 7, TDI Centre, Jasola, Sukhdev Vihar, South Delhi, New Delhi - 110025;
Ph. No.: +91-9311631340; Fax No.: NA,
Email ID: support.advancedgroup@gmail.com (Hereinafter referred to as ‘Acquirer 1’)
GRAPHIC PROMOTERS AND DEVELOPERS PRIVATE LIMITED
Registered Office at GF-48, Plot No. 7, TDI Centre, Jasola, Sukhdev Vihar, South Delhi, New Delhi - 110025;
Ph. No.: +91-9311631340; Fax No.: NA,
Email ID: support.advancedgroup@gmail.com (Hereinafter referred to as ‘Acquirer 2’)
AMAIRA ESTATE ADVISORS LLP
Registered Office at 10th Floor, DJ1009, DLF Towers B, Jasola, District Center, Jamia Nagar, South Delhi, New Delhi 110025;
Ph. No.: +91-9311631340; Fax No.: NA,
Email ID: support.advancedgroup@gmail.com (Hereinafter referred to as ‘Acquirer 3’)
MLJ AETERNUM LLP
Registered Office at 10th Floor, DJ1011, DLF Towers B, Jasola, DDA District Center, New Delhi 110025;
Ph. No.: +91-9311631340; Fax No.: NA,
Email ID: support.advancedgroup@gmail.com (Hereinafter referred to as ‘Acquirer 4’)
(Acquirer 1, Acquirer 2, Acquirer 3 and Acquirer 4 are hereinafter collectively referred to as ‘Acquirers’)
to acquire up to 26,46,487 (Twenty Six Lakh Forty Six thousand Four Hundred and Eighty Seven) Equity Shares of face value of INR 10.00/-
each representing 26.00% of the Expanded Share Capital of
COMRADE APPLIANCES LIMITED
Registered Office: Office No. 303, A-Wing, 3rd Floor, Key Tech Park, Sadhna Soap Lane, Off S. V. Road, Jogeshwari (West), Mumbai – 400102
Ph. No.: 022-66959545; Fax: NA; Email ID: info@comrade.net.in ; Website: www.comrade.net.in
(Hereinafter referred to as ‘Target Company’ or ‘CAL’ or ‘TC’)
At an Offer Price of INR 35/- (Indian Rupees Thirty Five Only) per Equity Share payable in cash, pursuant to Securities and Exchange Board of
India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 and subsequent amendments thereto.
1. This offer is being made by the Acquirers pursuant to Regulation 3(1) and Regulation 4 of Securities and Exchange Board of India (Substantial Acquisition
of Shares and Takeovers) Regulations, 2011 and subsequent amendments thereto for substantial acquisition of shares in the Target Company.
2. This Offer is not subject to any minimum level of acceptance.
3. The details of statutory approvals required is given in para 7.4 of this Draft Letter of Offer.
4. THIS OFFER IS NOT A COMPETING OFFER.
5. If there is any upward revision in the Offer Price by the Acquirers up to one working day prior to the commencement of the tendering period i.e., up to
December 04, 2026, Friday or in the case of withdrawal of offer, the same would be informed by way of the Offer Opening Public Announcement in the
same newspapers where the original Detailed Public Statement has appeared. Such revision in the Offer Price would be payable by the Acquirers for all
the shares validly tendered anytime during the offer.
6. THERE IS NO COMPETING OFFER TILL DATE.
7. A copy of Public Announcement, Detailed Public Statement, and Letter of Offer (including Form of Acceptance cum Acknowledgement) is also available
on SEBI’s website: www.sebi.gov.in.
FOR PROCEDURE FOR ACCEPTANCE OF THIS OPEN OFFER PLEASE REFER SECTION 8 ‘PROCEDURE FOR ACCEPTANCE
A ND SETTLEMENT OF THE OFFER’ (PAGE NO. 42 to 59). FORM OF ACCEPTANCE-CUM-ACKNOWLEDGEMENT IS ENCLOSED
WITH THIS DRAFT LETTER OF OFFER.
All future correspondence, if any, should be addressed to the Manager / Registrar to the Offer at the following addresses:
MANAGER TO THE OFFER REGISTRAR TO THE OFFER
CORPORATE PROFESSIONALS CAPITAL PRIVATE LIMITED BEETAL FINANCIAL & COMPUTER SERVICES
CIN: U74899DL2000PTC104508 PRIVATE LIMITED
D-28, South Extn., Part – I, New Delhi – 110049 CIN: U67120DL1993PTC052486
Contact Person: Mr. Manoj Kumar/ Ms. Ruchika Sharma/ Mr. BEETAL House, 3rd Floor, 99, Madangir, Behind
Nitin Khera Local Shopping Centre, New Delhi – 110062
Ph. No.: +91-11-40622228/ +91-11-40622248 Contact Person: Mr. Punit Kumar Mittal
Fax. No.: 91-11-40622201 Ph. No.: +91-11-42959000-09
Email ID: mb@indiacp.com Email ID: beetal@beetalfinancial.com /
SEBI Registration Number.: INM000011435 beetalrta@gmail.com
SEBI Registration Number: INR000000262
OFFER OPENS ON: DECEMBER 08, 2026, TUESDAY OFFER CLOSES ON: DECEMBER 21, 2026, MONDAY
SCHEDULE OF ACTIVITIES OF THE OFFER
ACTIVITY ORIGINAL
DATE AND DAY
Public Announcement (PA) Date October 13, 2026
Tuesday
Detailed Public Statement (DPS) Date October 21, 2026
Wednesday
Last date of filing of draft offer document with SEBI October 28, 2026
Wednesday
Last date for a competing offer November 12, 2026
Thursday
Identified Date* November 23, 2026
Monday
Date by which Letter of Offer will be dispatched to the December 01, 2026
shareholders Tuesday
Issue Opening PA Date December 07, 2026
Monday
Last date by which Board of TC shall give its December 03, 2026
recommendations Thursday
Date of commencement of tendering period (Offer opening December 08, 2026
Date) Tuesday
Date of expiry of tendering period (Offer closing Date) December 21, 2026
Monday
Date by which all requirements including payment of January 05, 2027
consideration would be completed Tuesday
(*) Identified Date is only for the purpose of determining the names of the shareholders of the Target
Company to whom the Letter of Offer would be sent. All owners (registered or unregistered) of equity
shares of the Target Company (except the Acquirers, persons acting in concert with Acquirers,
existing members of the promoter and promoter group of the Target Company, persons acting in
concert with the members of the promoter and promoter group and the parties to the underlying
agreements i.e., the SPA and SSA dated October 13, 2026 and including persons deemed to be
acting in concert with such parties, for the sale of shares of the Target Company) are eligible to
participate in the Offer any time before the Closure of the Offer.
RISK FACTORS
Given below are the risks related to the transaction, proposed Offer and those associated with
Acquirers:
(A) Relating to Transaction:
1. This Open Offer is Triggered/ Mandatory Offer made in compliance with Regulation 3(1) and
Regulation 4 of the SEBI (SAST) Regulations.
2. In terms of Regulation 23(1) of SEBI (SAST) Regulations, 2011, there may be an event which
warrants withdrawal of the Offer. Further, the Acquirers shall make an announcement within 2
Working Days of such withdrawal stating the grounds and reasons for the withdrawal in accordance
with Regulation 23(2) of the SEBI (SAST) Regulations. Further other than the approval of the
shareholders of the Target Company for the Preferential Issue of Equity Shares, no statutory and
other approval(s) is required by the Acquirers, for the acquisition of control and 26.00% of the
Expanded Share Capital of the Target Company under this Offer.
(B) Relating to the Offer:
1. This Offer is subject to the provisions of SEBI (SAST) Regulations, 2011, and in case of non‐
compliance by the Acquirers with any of the provisions of the SEBI (SAST) Regulations, 2011, the
Acquirers shall not act upon the acquisition of equity shares under this Offer.
2. In the event that either (a) the regulatory approvals are not received in a timely manner; or (b) there
is any court or regulatory order to stay the offer; or (c) SEBI instructs Acquirers not to proceed with
the Offer, then the Offer process
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