BSECompany Update4d ago · 29 Jul 2026, 07:38 pm
Beeline Capital Advisors Pvt Ltd ("Manager to the Offer") has submitted to BSE a copy of Public Announcement under Regulation 3(1) and 4 read with Regulations 15(1) of Securities and Exchange ....
ECS Biztech Ltd · 540063
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ECS Biztech Ltd has announced an open offer for the acquisition of up to 53,44,313 equity shares representing 26% of the total paid-up/voting share capital by Mr. Rakesh Ramanlal Shah and M/s Komal Infotech Private Limited at an offer price of Rs.10.50 per equity share.
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Full Announcement
ECS Biztech Ltd - 540063 - Public Announcement - Open Offer
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BEELIA/E
REF: TO-ECS/ 2026/2
July 29, 2026
BSE Limited
Corporate Relations Department,
P.J. Towers, Dalal Street. Fort, Mumbai — 400 001.
Ref.: Open Offer for the acquisition of up to 53.44,313 (Fifty-Three Lakhs Forty-Four Thousand Three
Hundred and Thirteen) Equity Shares having face value of Rs. 10/- each, representing 26.00% of the
total paid up /voting Share Capital of the ECS Biztech Limited (“EBL"/ “Target Company™) by Mr.
Rakesh Ramanlal Shah (Acquirer) and M/s Komal Infotech Private Limited ("PAC" or "Person
Acting in Concert with the Acquirer") pursuant to and in compliance with Regulation 3(1) & 4 of the
SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, as amended.
Sub: Submission of Public Announcement for Open offer of ECS Biztech Limited (“Target Company™)
(Script Code: 540063)
Dear Sir/Ma’am,
We have been appointed as a “Manager to the Offer™ by the above-mentioned acquirer and PAC for their proposed
acquisition of upto 53,44,313 Equity Shares representing 26% of the total paid up / voting Share Capital of ECS
Biztech Limited (Target Company) from the eligible public shareholders at an offer price of Rs.10.50 per Equity
Share, pursuant to and in compliance with Regulations 3(1) and 4 of the Securities and Exchange Board of India
(Substantial Acquisition of Shares and Takeovers) Regulations, 2011 [“SEBI (SAST) Regulations™].
In this regard, we herewith submit a copy of Public Announcement of offer dated July 29, 2026 made in terms of
Regulation 15(1) read with regulation 13(1) and 14(1) of SEBI (SAST) Regulations.
‘We request you to notify copy of this Public Announcement on the notice board of your exchange and disseminate
such information for the public immediately.
Thanking you,
For Beeline Capital Advisors Private Limited
AAUEAML QUeA N
Nikhil Shah
Director
DIN: 02507020
Encl:
Copy of Public Announcement
REF: TO-ECS/ 2026/3
BEELINE CAPITAL ADVISORS PRIVATE LIMITED
CIN: U67190GJ2020PTC114322 / SEBI Registration No.: INM000012917
Regd. Office: B/ 1311-1314, Shilp Corporate Park, Nr. Rajpath Club, Rajpath Rangoli Road,
Thaltej, Ahmedabad, Gujarat — 380054 India
Phone: 079-4840 5357 / E-mail: mb@beelinemb.com
PUBLIC ANNOUNCEMENT UNDER REGULATIONS 3 (1) AND 4 READ WITH REGULATION 15(1) OF THE SECURITIES AND EXCHANGE BOARD
OF INDIA (SUBSTANTIAL ACQUISITION OF SHARES AND TAKEOVERS) REGULATIONS, 2011, AS AMENDED (“TAKEOVER REGULATIONS”)
FOR THE ATTENTION OF THE EQUITY SHAREHOLDERS OF
ECS BIZTECH LIMITED
CIN No.: L30007GJ2010PLC063070
Registered Office: B-02, The First, ECS Corporate House, behind Keshvbaug Party Plot, off 132 Ft., Road, Vastrapur, Ahmedabad, Gujarat, India, 380015
OPEN OFFER FOR ACQUISITION OF UP TO 53,44,313 (FIFTY-THREE LAKHS FORTY-FOUR THOUSAND THREE HUNDRED AND THIRTEEN)
FULLY PAID-UP EQUITY SHARES HAVING FACE VALUE OF RS. 10/- EACH (“EQUITY SHARES”), REPRESENTING 26.00% OF THE TOTAL
PAID-UP / VOTING SHARE CAPITAL OF ECS BIZTECH LIMITED (“EBL” OR “TARGET COMPANY” OR “TC”) BY MR. RAKESH RAMANLAL
SHAH (ACQUIRER), AND M/S KOMAL INFOTECH PRIVATE LIMITED ("PAC" OR "PERSON ACTING IN CONCERT WITH THE ACQUIRER)
PURSUANT TO AND IN COMPLIANCE WITH REGULATION 3(1) AND 4 READ WITH REGULATIONS 13 AND 15 OF THE SECURITIES AND
EXCHANGE BOARD OF INDIA (SUBSTANTIAL ACQUISITION OF SHARES AND TAKEOVERS) REGULATIONS 2011, AS AMENDED (“SEBI
(SAST) REGULATIONS”).
On Wednesday, July 29, 2026, the Acquirer and PAC have entered into and executed a Share Purchase Agreement with the Sellers of the Target Company (as defined in
paragraph 4 below) to acquire 1,34,46,936 (One Crore Thirty-Four Lakhs Forty-Six Thousand Nine Hundred Thirty-Six Only) Equity Shares representing 65.42% of total
Paid-up / Voting Share Capital of the Target Company at a price of Rs. 2.26 (Rupees Two and Paise Twenty-Six Only) per Equity Share aggregating to Rs 3,03,90,076
(Rupees Three Crore Three Lakh Ninety Thousand and Seventy-Six Only). Consequently, the Acquirer and the PAC shall acquire substantial Equity Shares /Voting rights
along with complete control over the management and affairs of the Target Company after the successful completion of this Open Offer.
This Public Announcement (“PA”) is being issued by Beeline Capital Advisors Private Limited (“Manager to the Offer”) for and on behalf of the Acquirer and the PAC
to the Eligible Public Shareholders of the Target Company pursuant to and in compliance with, amongst others, Regulation 3(1) and 4 of SEBI (SAST) Regulations.
1) OFFER DETAILS:
• Size: This Open Offer is being made by Acquirer and PAC to eligible public shareholders of the Target Company to acquire up to 53,44,313 (Fifty-Three Lakhs
Forty-Four Thousand Three Hundred and Thirteen) Equity Shares of the Target Company (“Equity Shares”) representing 26.00% of the total Paid-up
/Voting Shares capital of the Target Company, as of the 10th (tenth) working day from the closure of the Tendering Period (“Offer Size”), subject to the terms and
conditions mentioned in this Public Announcement (“PA”), the Detailed Public Statement (“DPS”) that will be published and the Letter of Offer (“LOF”) that is
proposed to be issued in accordance with the SEBI (SAST) Regulations.
• Price / Consideration: This Open Offer is being made at an offer price of Rs.10.50 (Rupees Ten & Paise Fifty Only) (“Offer Price”) per fully paid-up Equity
Share of the Target Company, calculated in accordance with Regulation 8(2) of the SEBI (SAST) Regulations, aggregating to Rs.5,61,15,286.50 (Rupees Five
Crore Sixty-one Lakhs Fifteen Thousand Two Hundred and Eighty-Six and paise Fifty Only) (“Offer Consideration”).
• Mode of Payment: The Offer Price is payable in cash in accordance with the provisions of Regulation 9(1)(a) of the SEBI (SAST) Regulations.
Page 1
• Type of Offer: This Open Offer is a triggered offer, being made by the Acquirer and PAC in accordance with Regulation 3(1) and 4 of the SEBI (SAST)
Regulations.
2) TRANSACTION WHICH HAS TRIGGERED THE OPEN OFFER OBLIGATIONS (UNDERLYING TRANSACTION):
Details of underlying Transaction
Shares / Voting Rights Total Consideration Mode of
Mode of Transaction
Type of Transaction acquired/proposed to be acquired for Shares / Voting payment Regulation which has
(Agreement / Allotment /
(Direct / Indirect) Rights (VR) acquired (Cash / triggered
Market Purchase) % vis a vis total Equity
Number ( INR) Securities)
/ Voting Capital
Share Purchase Agreement Regulations 3(1) and 4 of
1,34,46,936
Direct Acquisition (“SPA”) dated July 29, 65.42% Rs. 3,03,90,076 Cash the SEBI (SAST)
Equity Shares
2026 Regulations
3) DETAILS OF ACQUIRER/ PAC:
Details Acquirer PAC Total
Name of Acquirer(s) Mr. Rakesh Ramanlal Shah Komal Infotech Private Limited -
Registered Office: 40, Asia House, Nr
E-37, Ayojannagar Society, Near Shreyas
Address Swastikchar Rasta, Navrangpura, -
Crossing, Paldi, Ahmedabad 380007
Ahmedabad- 380009
Names of Persons in Control / Promoters of Not Applicable Rakesh Ramanlal Shah (Acquirer) -
Acquirers where Acquirer are Companies
Name of the Group, if any, to which the Acquirer None None -
belongs to
Pre-Transaction shareholding: Nil Nil Nil
• Number
• % of total share capital
Proposed shareholding after the acquisition of shares
which triggered the Open Offer
Number 1,15,00,000 19,46,936 1,34,46,936
• % of total share capital 55.95% 9.47% 65.42%
Any other interest in the TC None None -
Page 2
4) DETAILS OF SELLING SHAREHOLDERS:
Details of shares held by the Sellers
Pre-Transaction Post Transaction
Part of Promoter
% of fully diluted % of fully diluted
Name of Sellers Group
Number of Equity Equity Share Capital Number of Equity Equity Share Capital
(Yes / No)
Shares of the Target Shares of the Target
Company Company
Vijay Mansinhbhai Mandora Yes 1,22,30,416 59.50 Nil Nil
Seema Vijay Mandora Yes 8,764 0.04 Nil Nil
Achal Vijaysinh Mandora Yes 64,346 0.31 Nil Nil
Mandora Finserve Private Limited Yes 11,43,410 5.56 Nil Nil
Total 1,34,46,936 65.42% Nil Nil
5) TARGET COMPANY:
Name of Target Company ECS BIZTECH LIMITED
Exc
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