BSECompany Update1 Aug 2026 · 1 Aug 2026, 12:17 pm
Post offer Newspaper Annoucement
Rekvina Laboratories Ltd · 526075
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Rekvina Laboratories Ltd has received a post-offer advertisement for the acquisition of up to 28,90,100 equity shares by Surbhit Mukesh Shah, Amit Mukesh Shah, and Dhruvalkumar Patel, representing 26% of the expanded share capital. The offer was made pursuant to the Securities and Exchange Board of India (Substantial Acquisitions of Shares and Takeovers) Regulations, 2011.
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Rekvina Laboratories Ltd - 526075 - Announcement under Regulation 30 (LODR)-Open Offer - Updates
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Date: August 01, 2026
BSE Limited
Phiroze Jejeebhoy Towers,
Dalal Street,
Mumbai – 400 001
Scrip Code: 526075
Sub: Disclosure pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements)
Regulations, 2015.
Ref: Open Offer for the acquisition of up to 28,90,100 Equity Shares of Rekvina Laboratories Limited
(“Target Company”) by Surbhit Mukesh Shah(“Acquirer-1”), Amit Mukesh Shah(“Acquirer-2”), and
Dhruvalkumar Patel (“Acquirer-3”), (collectively “Acquirers”) in accordance with the provisions of the
Securities and Exchange Board of India (Substantial Acquisitions of Shares and Takeovers) Regulations,
2011 (“SEBI SAST Regulations”) (the “Open Offer” or “Offer”).
Dear Sir/Madam,
We wish to inform you that we are in receipt of enclosed Post-Offer Advertisement of offer issued by Vivro
Financial Services Private Limited in relation to the Open Offer to the Public Shareholders of Rekvina
Laboratories Limited.
Kindly take the same in your records and disseminate it to the shareholders.
Thanking You,
Yours Faithfully,
For, Rekvina Laboratories Limited
Surbhit Shah
Director
DIN: 01993300
Encl: As above
CIN: L24231GJ1988PLC01145
Regd. Office: 36, Sampatrao Colony, Next to Royal Hotel, Alkapuri, Baroda -39007
Email Id: info@rekvinalaboratories.com, rekvinalimited@gmail.com
Cont. No.: 0265-2362966
POST OFFER ADVERTISEMENT IN ACCORDANCE WITH REGULATION 18(12) OF THE SECURITIES
EXCHANGE BOARD OF INDIA (SUBSTANTIAL ACQUISITION OF SHARES AND TAKEOVERS) REGULATIONS,
2011, AS AMENDED, (“SEBI (SAST) REGULATIONS”) WITH RESPECT TO THE
OPEN OFFER TO THE PUBLIC SHAREHOLDERS OF
REKVINA LABORATORIES LIMITED
Registered Office: 36, Sampatrao Colony, Next to Royal Hotel, Alkapuri, Vadodara - 390007, Gujarat, India.
CIN: L24231GJ1988PLC011458 | Tel. No: (+91) 265-2362966 / 2362319
Email: info@rekvinalaboratories.com | Website: www.rekvinalaboratories.in
OPEN OFFER FOR THE ACQUISITION OF UP TO 28,90,100 (TWENTY EIGHT LAKHS NINETY THOUSAND ONE HUNDERED)
FULLY PAID-UP EQUITY SHARES OF FACE VALUE OF ?5/- (RUPEES FIVE ONLY) EACH (“EQUITY SHARES”) REPRESENTING
26% (TWENTY SIX PERCENTAGE) OF THE EXPANDED SHARE CAPITAL (AS DEFINED BELOW) OF REKVINA LABORATORIES
LIMITED (“TARGET COMPANY”) FROM THE PUBLIC SHAREHOLDERS (AS DEFINED BELOW) BY SURBHIT MUKESH SHAH
(“ACQUIRER 1”), AMIT MUKESH SHAH (“ACQUIRER 2”), DHRUVALKUMAR PATEL (“ACQUIRER 3”), (ACQUIRER 1 ,
ACQUIRER 2, AND ACQUIRER 3 ARE COLLECTIVELY REFERRED AS “ACQUIRERS” ) PURSUANT TO AND IN COMPLIANCE
WITH REGULATION 3(2) AND 4 READ WITH OTHER APPLICABLE PROVISIONS OF SEBI (SAST) REGULATIONS (“OPEN
OFFER” OR “OFFER”).
This Post Offer Advertisement (“Post Offer Advertisement”) is being issued by Vivro Financial Services Private Limited,
(“Manager to the Offer”), for and on behalf of the Acquirers pursuant to Regulation 18(12) of the SEBI (SAST) Regulations. The
Detailed Public Statement (“DPS”) with respect to the aforementioned offer was published on March 24, 2026, in the Financial
Express (English) (All Editions), Jansatta (Hindi) (All Editions), Financial express (Gujarati) (Ahmedabad/Vadodara Edition) and
Navshakti (Marathi) (Mumbai Edition) (“Newspapers”).
The post-offer advertisement shall be read in continuation of and in conjunction with:
a) The public announcement dated March 16, 2026 (“Public Announcement” or “PA”);
b) The detailed public statement dated March 23, 2026 and published in newspapers on March 24, 2026 on behalf of the
Acquirers in the Financial Express (English) (All Editions), Jansatta (Hindi) (All Editions), Financial express (Gujarati)
(Ahmedabad/Vadodara Edition) and Navshakti (Marathi) (Mumbai Edition).
c) The letter of offer dated June 20, 2026 (“Letter of Offer” or “LoF”); and
d) The pre-offer advertisement cum corrigendum dated June 29, 2026 which was published on June 30, 2026 in Financial
Express (English) (All Editions), Jansatta (Hindi) (All Editions), Financial express (Gujarati) (Ahmedabad/Vadodara Edition)
and Navshakti (Marathi) (Mumbai Edition).
This Post-Offer Advertisement is being published in all such newspapers in which the DPS was published. Capitalized terms
used but not defined in this Post Offer Advertisement shall have the same meanings assigned to such terms in the Letter of Offer.
The Public Shareholders of the Target Company are requested to kindly note the following information with respect to the Open
Offer:
No .
Particulars Details
1 . Name of the Target Company: Rekvina Laboratories Limited
2 . Name of the Acquirers / PAC: Surbhit Mukesh Shah( “Acquirer 1”),
Amit Mukesh Shah (“Acquirer 2”),a nd
Dhruvalkumar Patel (“Acquirer 3”).
3 . Name of the Manager to the Offer: Vivro Financial Services Private Limited
4 . Name of the Registrar to the Offer: Purva Sharegistry (I) Private Limited
5 . Offer Details
a . Date of Opening of the Offer: Wednesday, July 1, 2026
b . Date of Closure of the Offer: Tuesday, July 14, 2026
6 . Date of Payment of Consideration: Thursday, July 23, 2026
7 . Details of Acquisition
Proposed in the Offer
S Nr
Particulars D ao cc cu em pte an nt
( eA is ns tu hm
i Ong
efu r)ll Actual
7.1 Offer Price ?10/- ?10/-
7.2 Aggregate number of Equity Shares tendered 28,90,100 14,41,863
7.3 Aggregate number of Equity Shares accepted 28,90,100 14,41,863
7.4 Size of the Offe r(Number of Equity Shares multiplied by Offer ? 2,89,01,000/- ?1,44,18, 630
Price per Equity Share)
7.5 Shareholding of the Acquirers and PAC before Agreements /
Public Announcement
(cid:63) Number of Equity Shares
a . Acquire r1 9,17,607 9,17, 607
b . Acquirer 2 8,27,883 8,27, 883
c . Acquirer 3 Nil Nil
Sub-tota l 17,45,490 17,45, 490
(cid:63) % of Equity Share Capita l
a . Acquire r1 15.22 15 .22
b . Acquirer 2 13.73 13 .73
c . Acquirer 3 0.00 0 .00
Sub-tota l 28.96 28 .96
7.6 Shares purchased by way of Share Exchange and Purchase
Agreement dated March 16, 2026.(a)
(cid:63) Numbe r
a ) Acquire r1 15,56,250 15,56, 250
b ) Acquirer 2 21,81,250 21,81, 250
c ) Acquirer 3 2,22,562 2,22, 562
Sub-tota l 39,60,062 39,60, 062
(cid:63) % of Expanded Share Capital
a ) Acquire r1 14.00 14 .00
b ) Acquirer 2 19.62 19 .62
c ) Acquirer 3 2.00 2 .00
Sub-tota l 35.63 35 .63
7.7 Equity Shares Acquired by way of Open Offer
(cid:63) Number of Equity Shares acquired
a ) Acquire r1 12,70,000 5,43,570
b ) Acquirer 2 7,30,000 8, 293
c ) Acquirer 3 8,90,100 8,90, 000
Sub-tota l 28,90,100 14,41, 863
(cid:63) % of Expanded Share Capital
a ) Acquire r1 11.43 4 .89
b ) Acquirer 2 6.57 0 .07
c ) Acquirer 3 8.01 8.01
Sub-tota l 26.00 12 .97
7.8 Shares acquired after Detailed Public Statement
(cid:63) Number of shares acquired Nil Nil
(cid:63) Price of the shares acquired Nil Nil
(cid:63) % of Fully Diluted Equity Share Capital Nil Nil
7.9 Post offer shareholding of Acquirers and PAC(b) (c)
(cid:63) Number of Equity Shares
a . Acquirer 1 37,43,857 30,17, 427
b . Acquirer 2 37,39,133 30,17, 426
c . Acquirer 3 11,12,662 11,12, 562
Sub-Tota l 85,95,652 71,47, 415
(cid:63) % of Expanded Share Capital
a . Acquirer 1 33.68 27 .15
b . Acquirer 2 33.64 27 .15
c . Acquirer 3 10.01 1 0.01
Sub-tota l 77.33 64.30
7.10 Pre & Post offer shareholding of the Public Pre-Offer Post-Offer Pre-Offer Post-Offer
(cid:63)Number 35,38,517 11,08,417 35,38,517 25,56,654
(cid:63)% of Fully Diluted Equity Share Capital 58.70 9.97 58.70 23.00
(a) The Underlying Transaction contemplated under SEPA shall be consummated post receipt of BSE approval for the proposed
Preferential Issue for consideration by way of swap of shares.
(b) Assuming consummation of Underlying Transaction and allotment of following Equity Shares by the Target Company:
No. o f securities being issued at Type of Total Consideration against issue of
Name of Investor ?10/-per share of the Target securities shares by way of swap of shares at
Company. being issues ? 25/-per share of Radian t.
1 Surbhit Mukes h Shah 15,56,250 Equity Shares * 6,2 2,500
2 Amit Mukesh Shah 21,81,250 Equity Shares 8,72,500
3 Ami Amit Shah 3,33,845 Equity Shares 1,33,538
4 Krima Surbhit Shah 3,33,
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