BSECompany Update5d ago · 5 Aug 2026, 12:44 pm
Fintellectual Corporate Advisors Pvt. Ltd. ("Manager to the Open Offer") has submitted to BSE a copy of Public Announcement ("PA") under Regulation 3(1)* and Regulation 4 read with Regulation ....
Pasupati Fincap Ltd · 511734
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Pasupati Fincap Ltd has received a public announcement for an open offer by Uday Narang to acquire up to 12,22,000 equity shares, representing 26% of the voting share capital, at ₹12 per share.
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Full Announcement
Pasupati Fincap Ltd - 511734 - Public Announcement - Open Offer
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FINTETLECTUAT
CORPORATE ADVISORS
(SEB ReSstercdCategoryrMerchantB.nk€r)
Date: August 05, 2026
The Listing Department
BSE Limited
Phiroze Jeejeebhoy Towers
Dalal Sheet
Mumbai- 400001
Ref.: Pasupati Fincap Limited (Scrip Code: 511734)
Dear Sir/Madam,
SUBIECT: OPEN OFFER FOR ACQUISITION OF UprO 12,22000 (TWELVE LAKH
TWENTY TWO THOUSAND) EQUITY SHARES FROM THE SHAREHOLDERS OF
PASUPATI FINCAP LIMITED (HEREINAFTER REFERRED TO AS "TARGET
COMPANYT "TARGET") BY UDAY NARANG (HEREINAFTER REFERRED TO AS
"ACQUIRER")
We_ are pleased to submit Copy of Public Announcement dated August 05, 2026, pursuant to
and in compliance with Regulation 3(1) and Regulation 4 read with Regulation 13, 14, 15(1) and
such other appl.icable provjsions of tl|e Securities and Exchange Board of India (Substantial
Acquisition of Shares and Takeovers) Regulations, 2011.
Furiher, you are requested to disseminate this information to the public.
Thanl<ing You,
Yours faithtully
Advisors Private Limited
DIN: 09081387
FINTETLECTUAT CORPORATE ADVISORS PRIVATE TIMITED
O Reg. Office: S-15, First Floor, Sapient House, Okhla lndustrial Area Phase-ll, New Oelhi-110 020 CIN: U 74999D12021 PTC377748
O Corporate Office: B-20, Second Floor, Sector-1, Noida, lJttar Pradesh-201301
@ info@fi ntellectualadvisors.com valuations@fi ntellectualadvisors.com
@ www.fintellectualadvisors.com S Tel: +91 120 4266080
PUBLIC ANNOUNCEMENT (“PA”) UNDER REGULATION 3(1)* AND REGULATION 4
READ WITH REGULATION 13(1), 14 AND 15(1) OF SECURITIES AND EXCHANGE
BOARD OF INDIA (SUBSTANTIAL ACQUISITION OF SHARES AND TAKEOVERS)
REGULATIONS, 2011 AND SUBSEQUENT AMENDMENTS THERETO
FOR THE ATTENTION OF THE PUBLIC SHAREHOLDERS OF
PASUPATI FINCAP LIMITED
(“TARGET COMPANY”/ ”TARGET”)
CIN: L22207DL1996PLC461661
Registered Office: Shop No. 37, Shanker Market, Connaught Place,
Janpath, New Delhi-110001;
Corporate Office: 3rd Floor 56/33, Site IV Industrial Area, I.E. Sahibabad,
Ghaziabad, Uttar Pradesh-201010;
Phone: 9211515079;
Email Id: pasupatifincaplimited@gmail.com;
Website: www.pasupatifincap.co.in;
OPEN OFFER FOR ACQUISITION OF UPTO 12,22,000 (TWELVE LAKH TWENTY
TWO THOUSAND) FULLY PAID UP EQUITY SHARES OF FACE VALUE OF ₹10/-
(RUPEES TEN ONLY) EACH, REPRESENTING 26.00% (TWENTY SIX PERCENT)
OF THE VOTING SHARE CAPITAL FROM THE PUBLIC SHAREHOLDERS (AS
DEFINED BELOW) OF PASUPATI FINCAP LIMITED (HEREINAFTER REFERRED
TO AS “TARGET COMPANY” OR "TARGET") BY UDAY NARANG (HEREINAFTER
REFERRED TO AS “ACQUIRER”) PURSUANT TO AND IN ACCORDANCE WITH
REGULATION 3(1)* AND REGULATION 4 OF THE SECURITIES AND EXCHANGE
BOARD OF INDIA (SUBSTANTIAL ACQUISITION OF SHARES AND TAKEOVERS)
REGULATIONS, 2011, AS AMENDED (“SEBI (SAST) REGULATIONS”)
This Public Announcement (“PA”/ “Public announcement”) is being issued by
Fintellectual Corporate Advisors Private Limited (“Manager to the Offer” or “FCAPL”)
for and on behalf of Acquirer to the Public Shareholders of Target Company (“Public
Shareholders”) pursuant to, and in compliance with, Regulation 3(1)* and Regulation
4 read with Regulation 13, 14, 15(1) and other applicable provisions of the SEBI
(SAST) Regulations.
*The underlying transaction, by itself, does not and will not result in the Acquirer
acquiring 25% or more of the voting share capital of the Target Company. However,
pursuant to this open offer, and subject to full acceptance of the offer shares by public
shareholders, the Acquirer’s shareholding may increase to 37.55% of the voting share
capital of the Target Company.
For this Public Announcement, the following terms shall have the meaning assigned to
them as below:
Definitions & Particulars
Abbreviations
Acquirer Uday Narang, son of Late. Shri. Satya Pal Narang, aged 56
years, Indian Inhabitant having PAN: AAFPN6407K, under
the Income Tax Act, 1961 and residing at House No. D-
1104, 1st Floor, New Friends Colony, Delhi-110025.
Definitions & Particulars
Abbreviations
Agreement The Share Purchase Agreement is hereinafter referred to
as the Agreement.
Board The Board means the board of directors of the Target
Company.
BSE Limited BSE Limited is the stock exchange where presently the
Equity shares of the Target Company are listed.
Equity Shares Equity Shares shall mean the fully paid-up equity shares of
the face value of ₹10/- (Rupees Ten Only) each.
ISIN International Securities Identification Number
Negotiated Price A negotiated price of ₹12/- (Rupees Twelve Only) per Sale
Share, aggregating to an amount of ₹65,15,100/- (Rupees
Sixty Five Lakh Fifteen Thousand One Hundred Only) for
the sale of 5,42,925 (Five Lakh Forty Two Thousand Nine
Hundred Twenty Five) Equity Shares, representing 11.55%
of the Voting Share Capital of the Target Company, by
Promoter Seller to the Acquirer, pursuant to the execution
of the Share Purchase Agreement.
Offer Period The period of entering into an agreement to acquire the
Equity Shares and Voting Share Capital in, or control over,
the Target Company requiring a Public Announcement or
the date on which the Public Announcement is being
issued by the Acquirer, i.e. August 05, 2026 (Wednesday),
and the date on which the payment of consideration to the
Public Shareholders whose Equity Shares are validly
accepted in this Offer, is made, or the date on which this
Offer is withdrawn, as the case may be.
Offer Price An offer price of ₹12/- (Rupees Twelve Only) per Offer
Share.
Offer Shares Open Offer for acquisition of up to 12,22,000 (Twelve Lakh
Twenty Two Thousand) Equity Shares of the face value of
₹10/- each, representing 26.00% of the Voting Equity
Share Capital of the Target Company at a price of ₹12/-
(Rupees Twelve Only) per fully paid-up Equity Share
payable in cash.
PA/ Public Public Announcement dated August 05, 2026
Announcement (Wednesday).
Promoter and Promoter The existing promoter and promoter group of the Target
Group Company, in accordance with the provisions of Regulation
2 (1)(s) and 2 (1)(t) of the SEBI (SAST) Regulations, read
with Regulation 2 (1)(oo) and 2 (1)(pp) of the SEBI
(ICDR) Regulations, in this case, namely being, Dinesh
Pareekh, Sangeeta Pareekh, Prakash Chandra Pareek,
Rakesh Chandra Pareek, Uma Pareek, Bimla Devi Sharma,
Anil Sharma, Pankaj Sharma, Race Eco Chain Limited,
Gem Enviro Management Limited, Geoeco Green Energy
Limited, Race Gateway Limited, Securocrop Securities
India Private Limited, BLP Equity Research Private Limited,
Definitions & Particulars
Abbreviations
BGP 11 Analytics Private Limited, Securocrop Business Re-
Engineering Private Limited, Sangok Creations Private
Limited and Race Green Logistix Private Limited.
Promoter Seller The existing promoter of the Target Company who has
entered in a Share Purchase Agreement with the Acquirer,
in this case, namely being, Dinesh Pareekh.
Public Shareholder(s) All the equity shareholders of the Target Company who are
eligible to tender their Equity Shares in the Offer, except:
(a) the promoter and members of the promoter group of
the Target Company; (b) the Acquirer and any person
deemed to be acting in concert with them; (c) the parties
to the underlying Share Purchase Agreement, (d) any
person deemed to be acting in concert with the parties to
the SPA, pursuant to and in compliance with the SEBI
(SAST) Regulations.
SCRR Securities Contract (Regulation) Rules, 1957, as amended.
SEBI Securities and Exchange Board of India.
SEBI Act Securities and Exchange Board of India Act, 1992, and
subsequent amendments thereto.
SEBI (LODR) Securities and Exchange Board of India (Listing Obligations
Regulations and Disclosure Requirements) Regulations, 2015 and
subsequent amendments thereto.
SEBI (SAST) Regulations Securities and Exchange Board of India (Substantial
Acquisition of Shares and Takeovers) Regulations, 2011
and subsequent amendments thereto.
Share Purchase The Share Purchase Agreement dated August 05, 2026
Agreement/ SPA (Wednesday), executed between the Acquirer and the
Promoter Seller, pursuant to which the Acquirer has
agreed to acquire 5,42,925 (Five Lakh Forty Two Thousand
Ni
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